By William Gullotti
Buffalo, N.Y., Nov. 18 – Morgan Stanley Finance LLC priced $500,000 of 0% trigger participation securities due Aug. 8, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 80% of the initial index level, the payout will be par.
If the final index level is less than the trigger level, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger participation securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $500,000
|
| Maturity: | Aug. 8, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus the index return; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
|
| Initial index level: | 4,429.1
|
| Trigger level: | 3,543.28; 80% of initial level
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 10
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61773FNV1
|
|
|
© 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.
