By William Gullotti
Buffalo, N.Y., Feb. 9 – Morgan Stanley Finance LLC priced $3 million of 0% buffered Performance Leveraged Upside Securities due Feb. 9, 2028 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index and the Euro Stoxx 50 index, each with a 50% weight.
If the return of basket is greater than or equal to its initial value, the payout will be par plus 136% of the basket return.
If the basket falls by up to 20%, the payout will be par.
If the basket falls by more than 20%, investors will lose 1% for every 1% decline of the basket beyond the 20% buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying basket: | S&P 500 index, Euro Stoxx 50 index; equal weights
|
Amount: | $3 million
|
Maturity: | Feb. 9, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of basket is greater than or equal initial value, par plus 136% of basket return; if the basket falls by up to buffer, par; if the basket falls by more than buffer, 1% loss for every 1% decline of the basket beyond buffer
|
Initial levels: | 4,500.53 for S&P, 4,086.58 for Stoxx
|
Buffer level: | 80% of initial basket level
|
Pricing date: | Feb. 4
|
Settlement date: | Feb. 9
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.33%
|
Cusip: | 61773U357
|
|
© 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.