By Susanna Moon
Chicago, Aug. 28 – Morgan Stanley Finance LLC priced $2 million of 0% buffered gears due Aug. 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2.233 times any index gain.
Investors will receive par if the index falls by 25% and will lose 1% for each 1% decline beyond the buffer.
The notes will be guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2 million
|
| Maturity: | Aug. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.233 times any index gain; par if index declines by 25% or less; 1% loss per 1% drop beyond 25%
|
| Initial level: | 3,438.63
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61766X715
|
|
|
|
|
|
|
© 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.
