By Sarah Lizee
Olympia, Wash., Aug. 7 – Morgan Stanley Finance LLC priced $1 million of 0% buffered Performance Leveraged Upside Securities due Aug. 6, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $1,000 plus 200% of any index gain, capped at $1,148 per PLUS.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $1 million
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Maturity: | Aug. 6, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at $1,148 per PLUS; if index falls by up to 20%, par; otherwise, 1% loss per 1% decline beyond 20%
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Initial level: | 2,840.35
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Pricing date: | Aug. 3
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Settlement date: | Aug. 8
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61768DBT1
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