New Issue: Morgan Stanley prices $861,000 trigger participation notes linked to Dow, S&P

By Sarah Lizee

Olympia, Wash., June 1 – Morgan Stanley Finance LLC priced $861,000 of 0% trigger participation securities due May 30, 2025 linked to the lesser performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any gain of the lesser performing index.

If the lesser performing index falls by up to 50%, the payout will be par.

Otherwise, investors will be fully exposed to losses if the lesser performing index finishes below the 50% trigger level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger participation securities
Underlying indexes:	Dow Jones industrial average, S&P 500
Amount:	$861,000
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If lesser performing index return is positive, par plus lesser performing index return; par if lesser performing index falls by up to 50%; full exposure to losses if lesser performing index finishes below 50% trigger level
Initial levels:	2,991.77 for S&P, 24,995.11 for Dow
Trigger levels:	1,495.885 for S&P, 12,497.555 for Dow; 50% of initial levels
Pricing date:	May 26
Settlement date:	May 29
Agent:	Morgan Stanley & Co. LLC
Fees:	4.25%
Cusip:	61771BBH6

© 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.