By Wendy Van Sickle
Columbus, Ohio, April 26 – Morgan Stanley Finance LLC priced $1 million of 0% dual directional market-linked notes due April 26, 2023 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final index level is greater than the initial level, the payout at maturity will be par plus 125% of the gain. If the index finishes flat, the payout will be par.
If the index declines, the payout will be par plus 50% of the absolute value of the index return.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional market-linked notes
|
| Underlying index: | Morgan Stanley MAP Trend
|
| Amount: | $1 million
|
| Maturity: | April 26, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 125% of gain; par if index finishes flat; otherwise, par plus 50% of the absolute value of the index return
|
| Initial level: | 221.54
|
| Pricing date: | April 24
|
| Settlement date: | April 26
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61768D6T7
|
|
|
© 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.
