By Sarah Lizee
Olympia, Wash., Dec. 26 – Morgan Stanley Finance LLC priced $4 million of 0% capped trigger gears due Dec. 23, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus two times the index return, capped at par plus 36.65%.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
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 gears
|
| Underlying index: | Russell 2000
|
| Amount: | $4 million
|
| Maturity: | Dec. 23, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus two times the index return, capped at par plus 36.65%; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
|
| Initial level: | 1,349.229
|
| Downside threshold: | 944.460, 70% of initial level
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61768W426
|
© 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.
