By Angela McDaniels
Tacoma, Wash., Feb. 7 – Morgan Stanley Finance LLC priced $6.35 million of 0% buffered Performance Leveraged Upside Securities due May 8, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 11.3%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
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: | $6.35 million
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Maturity: | May 8, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return, subject to 11.3% maximum return; par if index declines by 20% or less; 1% loss for every 1.25% that index declines beyond 20%
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Initial level: | 2,737.7
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Pricing date: | Feb. 6
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Settlement date: | Feb. 8
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768DP74
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