New Issue: Morgan Stanley sells $5.02 million dual directional buffered participation securities

New York, May 31 – Morgan Stanley Finance LLC priced $5.02 million of 0% dual directional buffered participation securities due June 29, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus the return of that index, subject to a maximum return of par plus 10%.

Investors will receive par plus absolute return of the worst performing index if it declines but by no more than the 20% buffer and will be exposed to any decline in the worst performing index beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional buffered participation securities
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$5,019,000
Maturity:	June 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus that index's return, subject to a maximum return of par plus 10%; par plus absolute return of worst performing index if it declines but by no more than 20%; otherwise, exposure to loss of worst performing index beyond buffer
Initial levels:	3,941.48 for S&P, 1,764.826 for Russell
Buffer levels:	3,153.184 for S&P, 1,411.861 for Russell; 80% of initial levels
Cap:	10%
Buffer:	20%
Pricing date:	May 24
Settlement date:	May 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0.65%
Cusip:	61774DEC7

© 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.