By Susanna Moon
Chicago, Dec. 28 – Morgan Stanley Finance LLC priced $725,000 of 0% dual directional trigger jump securities due Dec. 28, 2021 linked to the Dow Jones industrial average, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the index return and 30%.
If the index falls but finishes at or above the trigger level, 70% of the initial index level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger jump securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $725,000
|
| Maturity: | Dec. 28, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus greater of return and 30%; if index falls by up to trigger level, par plus absolute value of index return; otherwise, 1% loss for each 1% decline from initial level
|
| Initial index level: | 19,918.88
|
| Trigger level: | 13,943.216, 70% of initial level
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.625%
|
| Cusip: | 61768CCN5
|
|
|
|
|
© 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.
