By Marisa Wong
Morgantown, W.Va., Feb. 21 – Morgan Stanley Finance LLC priced $8.79 million of 0% dual directional trigger Performance Leveraged Upside Securities due March 4, 2020 linked to the Russell 2000 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 of $10 plus 200% of the index return, subject to a maximum return of 31.85%.
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 plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from the initial index level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $8,790,380
|
| Maturity: | March 4, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, subject to 31.85% cap; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
|
| Initial index level: | 1,404.207
|
| Trigger level: | 1,123.366, 80% of initial level
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61766V305
|
|
|
© 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.
