Morgan Stanley to price 60- to 63-month digital notes on index basket

By Devika Patel

Knoxville, Tenn., Aug. 18 – Morgan Stanley Finance LLC plans to price 60- to 63-month digital notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The exact maturity date will be set at pricing.

If the basket return is zero or positive, the payout at maturity will be par plus the basket return, subject to a maximum settlement amount that is expected to be between $1,361.30 and $1,424.80 per $1,000 of notes and will be set at pricing. Investors will receive par plus the absolute value of the return if the basket declines by 25% or less and will lose 1% for each 1% decline beyond 25%.

Morgan Stanley is the agent.

The notes (Cusip: 61766BBV2) will price and settle in August.

© 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.