New Issue: Morgan Stanley prices $4.84 million accelerated return securities linked to S&P

Chicago, Nov. 17 – Morgan Stanley Finance LLC priced $4.84 million of 0% dual directional accelerated return securities due Nov. 16, 2033 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 139.35% of the index return.

Investors will receive par plus the absolute return of the index if the index declines but ends at or above its 60% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional accelerated return securities
Underlying index:	S&P 500 index
Amount:	$4,837,000
Maturity:	Nov. 16, 2033
Coupon:	0%
Price:	Par
Payout at maturity:	If return of index is positive, par plus 139.35% of index return; if index declines but finishes at or above its downside threshold level, par plus absolute return of index; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	4,411.55
Trigger level:	2,646.93, 60% of initial level
Upside leverage:	139.35%
Pricing date:	Nov. 13
Settlement date:	Nov. 16
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61775MXP6

© 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.