By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Morgan Stanley priced $521,000 of 0% buffered Performance Leveraged Upside Securities due Jan. 5, 2023 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $1,000 plus 140% of any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%, subject to a minimum payment of $150 per buffered PLUS.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Bloomberg Commodity index
|
Amount: | $521,000
|
Maturity date: | Jan. 5, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par of $1,000 plus 140% of any index gain; par if index falls up to 15%; 1% loss for every 1% decline beyond 15%
|
Initial index value: | 78.0881
|
Pricing date: | Dec. 30
|
Settlement date: | Jan. 5
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3.5%
|
Cusip: | 61762GFF6
|
|
© 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.