New Issue: Morgan Stanley prices $34.01 million buffered jump notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 28 – Morgan Stanley priced $34.01 million of 0% buffered jump securities due Jan. 29, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 10.65%. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$34.01 million
Maturity:	Jan. 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 10.65%; if index declines by 15% or less, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	2,037.41
Buffer level:	1,731.799, 85% of initial index level
Pricing date:	June 24
Settlement date:	June 29
Agent:	Morgan Stanley & Co. LLC
Fees:	0.1%
Cusip:	61761J3F4

© 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.