New York, June 15 – Morgan Stanley Finance LLC priced $2 million of 0% buffered jump securities with autocallable feature due June 15, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 12.5% per year and on any subsequent determination date.
If the index finishes above its initial level, the payout at maturity will be par plus 150% of the index return. Investors will receive par if the index finishes below its initial level but declines by 15% or less and will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities with autocallable feature
|
| Underlying index: | S&P 500 index
|
| Amount: | $2 million
|
| Maturity: | June 15, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 150% of index return; par if index declines but by no more than 15% buffer; 1% loss for every 1% that index declines beyond the buffer
|
| Call: | Automatically at a price to give a return of 12.5% per year and on any subsequent determination date
|
| Initial level: | 3,900.86
|
| Buffer level: | 3,315.731, 85% of initial level
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61774DPY7
|
|
|
|
|
© 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.
