By Sarah Lizee
Olympia, Wash., Aug. 2 – Morgan Stanley Finance LLC priced $1.73 million of 0% trigger Performance Leveraged Upside Securities due July 31, 2024 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above its initial level, the payout at maturity will be par plus 400% of the return of the lesser-performing index.
If either index finishes at or below its initial level but each index finishes at or above its trigger level, 60% of its initial level, the payout will be par.
If either index finishes below its trigger level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying indexes: | Dow Jones industrial average and Russell 2000
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Amount: | $1,725,000
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus 400% of return of lesser-performing index; if either index finishes at or below initial level but each index finishes at or above trigger level, par; if either index finishes below trigger level, 1% loss for every 1% that lesser-performing index declines from initial level
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Initial index levels: | 27,192.45 for Dow and 1,578.967 for Russell 2000
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Trigger level: | 16,315.47 for Dow and 947.380 for Russell 2000; 60% of initial levels
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.125%
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Cusip: | 61769HJT3
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