By Sarah Lizee
Olympia, Wash., March 27 – Morgan Stanley Finance LLC priced $1 million of 0% trigger Performance Leveraged Upside Securities due March 23, 2023 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 155% of the lesser-performing index’s return.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par. For each index, the trigger level is 60% of its initial level.
If the final level of either index is less than its trigger level, investors will be exposed to the decline of the lesser-performing index from its initial level.
The notes are guaranteed by Morgan Stanley.
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: | Nasdaq-100 and S&P 500
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Amount: | $1 million
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Maturity: | March 23, 2023
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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 155% of lesser-performing index’s return; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to trigger level, par; if final level of either index is less than trigger level, exposure to decline of lesser-performing index from initial level
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Initial levels: | 2,398.10 for S&P, 7,175.176 for Nasdaq
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Trigger levels: | 1,438.86 for S&P, 4,305.106 for Nasdaq, or 60% of initial levels
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61770FVE3
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