New Issue: Morgan Stanley prices $6.6 million leveraged buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 11 – Morgan Stanley Finance LLC priced $6.6 million of 0% leveraged buffered notes due June 9, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index finishes above its initial level, the payout at maturity will be par plus 500% of the index return, subject to a maximum return of 14.35%. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$6.6 million
Maturity:	June 9, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 500% of index return, subject to 14.35% maximum return; par if index declines by 15% or less; 1.1765% for every 1% that index declines beyond 15%
Initial level:	2,843.49
Buffer level:	2,416.9665, 85% of initial level
Pricing date:	June 6
Settlement date:	June 13
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61769HFH3

© 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.