New Issue: Morgan Stanley sells $11.08 million capped leveraged notes on S&P 500

By Marisa Wong

Morgantown, W.Va., July 14 – Morgan Stanley Finance LLC priced $11.08 million of 0% capped leveraged notes due July 14, 2020 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 return is positive, the payout at maturity will be par plus 200% of the gain, subject to a maximum settlement amount of $1,360 per $1,000 principal amount. Investors will be fully exposed to any index decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$11,075,000
Maturity:	July 14, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 36% maximum return; full exposure to losses
Initial index level:	2,440.69
Pricing date:	June 28
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	3.4% Cusip:	61768CLU9

© 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.