By Sarah Lizee
Olympia, Wash., Jan. 8 – Morgan Stanley Finance LLC priced $7.34 million of 0% buffered participation securities due Jan. 2, 2025 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.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index declines by up to 25% and will be exposed to losses beyond the buffer.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered participation securities
|
Underlying index: | S&P 500
|
Amount: | $7.34 million
|
Maturity: | Jan. 2, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if index falls by up to 25%; exposure to losses beyond buffer
|
Initial index level: | 3,240.02
|
Buffer level: | 2,430.015, 75% of initial level
|
Pricing date: | Dec. 27
|
Settlement date: | Jan. 2
|
Agent: | Morgan Stanley & Co. LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 1.75%
|
Cusip: | 61770E554
|
|
© 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.