New York, March 27 – Morgan Stanley Finance LLC priced $1.23 million of 0% enhanced trigger jump securities due April 24, 2025 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above the 80% downside threshold, the payout at maturity will be par plus 10.25%.
Otherwise, investors will lose 1% for every 1% that the stock declines from initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
|
| Underlying stock: | Apple Inc.
|
| Amount: | $1,228,000
|
| Maturity: | April 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above downside threshold level, par plus 10.25%; otherwise, 1% loss for every 1% that stock declines from initial level
|
| Initial level: | $178.67
|
| Upside payment: | 10.25%
|
| Downside threshold: | $142.936, 80% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61776LFU6
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
