New Issue: Morgan Stanley sells $795,000 accelerated return notes tied to FTSE 100

By Marisa Wong

Morgantown, W.Va., April 11 – Morgan Stanley Finance LLC priced $795,000 of 0% accelerated return securities due Sept. 30, 2021 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus 245% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Accelerated return securities
Underlying index:	FTSE 100
Amount:	$795,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 245% of any index gain; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
Initial index level:	6,888.69
Trigger level:	5,166.518, 75% of initial level
Pricing date:	March 26
Settlement date:	March 29
Agent:	Morgan Stanley & Co. LLC
Fees:	2.75%
Cusip:	61768CJ57

© 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.