By Sarah Lizee
Olympia, Wash., Sept. 19 – Morgan Stanley Finance LLC priced $4 million of 5.25% fixed-income buffered securities due Oct. 16, 2020 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Interest is payable monthly.
At maturity, the payout will be par unless either asset declines by more than 17.5%, in which case investors will be exposed to losses of the lesser performing asset beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed-income buffered securities
|
| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $4 million
|
| Maturity: | Oct. 16, 2020
|
| Coupon: | 5.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless either asset declines by more than 17.5%, in which case investors will be exposed to losses of the lesser performing asset beyond the 15% buffer
|
| Initial levels: | 1,578.138 for index, $65.94 for ETF
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61769HVS1
|
© 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.
