New Issue: Morgan Stanley prices $2.61 million leveraged buffered notes on Russell

By Marisa Wong

Morgantown, W.Va., Feb. 28 – Morgan Stanley Finance LLC priced $2.61 million of 0% leveraged buffered notes due Feb. 26, 2020 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 index return is positive, the payout at maturity will be par plus 300% of the gain, subject to a maximum settlement amount of $1,193.80 per $1,000 principal amount. Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% that the index may decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Leveraged buffered notes
Underlying index:	Russell 2000 index
Amount:	$2.61 million
Maturity:	Feb. 26, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to 19.38% maximum return; par if index declines by up to 10%; 1.1111% loss for every 1% that index may decline beyond 10%
Initial index level:	1,529.987
Buffer level:	1,376.9883, 90% of initial level
Pricing date:	Feb. 22
Settlement date:	March 1
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61768CD95

© 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.