New Issue: Morgan Stanley sells $3.47 million trigger in-step notes on Russell

By Marisa Wong

Morgantown, W.Va., April 6 – Morgan Stanley Finance LLC priced $3.47 million of 0% capped trigger in-step securities due March 31, 2021 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 or equal to the downside threshold, 80% of the initial index level, the payout at maturity will be par of $10 plus the greater of the step return of 10% and the index return, subject to a maximum gain of 42%. If the final index level is less than the downside threshold, investors will have one-to-one exposure to the index’s decline from its initial level.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped trigger in-step securities
Underlying index:	Russell 2000 index
Amount:	$3,472,850
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the final index level is greater than or equal to the downside threshold, par plus the greater of 10% and the index return, capped at 42%; otherwise, one-to-one exposure to the index’s decline from its initial level
Initial level:	1,543.717
Downside threshold:	1,234.974, 80% of initial level
Pricing date:	March 26
Settlement date:	March 29
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	2.5%
Cusip:	61768P280

© 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.