New Issue: Morgan Stanley prices $10.66 million leveraged buffered notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, June 28 – Morgan Stanley Finance LLC priced $10.66 million of 0% leveraged buffered notes due May 19, 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 160% of the index return, subject to a maximum return of 19.84%. 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:	$10,663,000
Maturity:	May 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 160% of index return, subject to 19.84% maximum return; par if index declines by 15% or less; 1.1765% for every 1% that index declines beyond 15%
Initial level:	2,913.78
Buffer level:	2,476.713, 85% of initial level
Pricing date:	June 26
Settlement date:	July 3
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61769HHP3

© 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.