By Sarah Lizee
Olympia, Wash., Oct. 30 – Morgan Stanley Finance LLC priced $844,000 of 0% buffered Performance Leveraged Upside Securities due Oct. 29, 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 index finishes above the initial level, the payout at maturity will be par plus 200% of the gain, capped at par plus 19.5%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will be exposed to any losses beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $844,000
|
| Maturity: | Oct. 29, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 19.5%; if index falls by up to 10%, par; otherwise, 1% loss per 1% loss beyond 10%
|
| Initial level: | 1,483.821
|
| Buffer level: | 1,335.439, 90% of initial level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61768DFN0
|
© 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.
