By Susanna Moon
Chicago, July 11 – Morgan Stanley Finance LLC priced $1.42 million of 0% equity-linked partial principal at risk securities due July 5, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum amount of $14.10 per $10.00 of notes.
If the index falls, the payout will be par plus the return, with a minimum payout of $950 per security.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Equity-linked partial principal at risk securities
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Underlying index: | S&P 500 index
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Amount: | $7,185,800
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Maturity: | July 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 41%; if index falls, par plus the return with floor of 90% of par
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Initial level: | 2,718.37
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Pricing date: | June 29
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Settlement date: | July 5
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Underwriter: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61768Q619
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