New Issue: Morgan Stanley prices $3.03 million trigger PLUS linked to four stocks

By Susanna Moon

Chicago, June 22 – Morgan Stanley Finance LLC priced $3.03 million of 0% trigger Performance Leveraged Upside Securities due June 5, 2020 linked to a basket an equally weighted basket of the common stocks of JPMorgan Chase & Co., Apple Inc., Chipotle Mexican Grill, Inc. and Kinder Morgan, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes above its initial level, the payout at maturity will be par plus 150% of the gain, up to a maximum return of 28%.

If the basket falls by no more than 20%, the payout will be par.

If the basket finishes below its 80% trigger level, investors will be fully exposed to any losses.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying stocks:	JPMorgan Chase & Co. (symbol: JPM), Apple Inc. (symbol: AAPL), Chipotle Mexican Grill, Inc. (symbol: CMG) and Kinder Morgan (symbol: KMI), equally weighted
Amount:	$3,025,000
Maturity:	June 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket gains, par plus 150% of return, capped at 28%; if basket falls by up to 20%, par; otherwise, full exposure to any losses
Initial levels:	$82.64 for JPMorgan, $155.45 for Apple, $478.07 for Chipotle and $18.95 for Kinder Morgan
Trigger levels:	80% of initial levels
Pricing date:	June 2
Settlement date:	June 7
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61766W626

© 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.