By Susanna Moon
Chicago, Oct. 15 – Morgan Stanley priced $6 million of 0% buffered jump securities due Nov. 9, 2017 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus 21% upside payment.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for each 1% loss beyond 20%.
Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | Morgan Stanley
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| Issue: | Buffered jump securities
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| Underlying fund: | Financial Select Sector SPDR fund
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| Amount: | $6 million
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| Maturity: | Nov. 9, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus 21%; par if fund falls by up to 20%; 1.25% loss per 1% loss beyond 20%
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| Initial level: | $22.58
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| Buffer level: | $18.064, 80% of initial level
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 16
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.8%
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| Cusip: | 61761JUC1
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