By Wendy Van Sickle
Columbus, Ohio, May 31 – Morgan Stanley Finance LLC priced $5.14 million of 0% buffered Performance Leveraged Upside Securities due May 31, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus131.27% of the return.
Investors will receive par if the index falls by up to 35% and will lose 1.5385% for each 1% decline beyond the buffer.
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: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $5,137,000
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Maturity: | May 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 131.27% of any index gain; if index falls by up to 35%, par; otherwise, 1.5385% loss per 1% decline beyond 35%
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Initial level: | 2,721.33
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Pricing date: | May 16
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Settlement date: | May 21
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61768C2S5
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