By Angela McDaniels
Tacoma, Wash., Aug. 27 – Morgan Stanley Finance LLC priced $250,000 of callable contingent income securities due Aug. 30, 2022 linked to the lesser performing of the Nasdaq-100 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Every six months, the notes will pay a contingent coupon at the rate of 9.95% per year if each underlier closes at or above its downside threshold level, 70% of its initial level, on the observation day for that semiannual period.
The notes are callable at par on any semiannual redemption date.
The payout at maturity will be par unless the lesser-performing underlier finishes below its downside threshold level, in which case investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underliers: | Nasdaq-100 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $250,000
|
| Maturity: | Aug. 30, 2022
|
| Coupon: | 9.95% per year, payable semiannually if each underlier closes at or above downside threshold level on observation day for that semiannual period
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes at or above downside threshold level, par; if either underlier finishes below downside threshold level, 1% loss for every 1% that lesser-performing underlier declines from initial level
|
| Call option: | At par semiannually
|
| Initial levels: | 7,464.995 for index and $39.05 for ETF
|
| Downside thresholds: | 5,225.497 for index and $27.335 for ETF, or 70% of initial levels
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61769HMQ5
|
© 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.
