New Issue: Morgan Stanley sells $250,000 buffered participation securities on Russell, S&P

By William Gullotti

Buffalo, N.Y., July 21 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered participation securities due June 1, 2026 linked to the performance of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above the initial level, the payout at maturity will be par plus 1.05 times the gain of the laggard index.

If either index falls but not by more than 25%, the payout will be par.

Otherwise, investors will lose 1.333% for each 1% loss of lesser-performing index beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered participation securities
Underlying index:	Russell 2000 index, S&P 500 index
Amount:	$250,000
Maturity:	June 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each is greater than initial index level, par plus 1.05 times the gain of lesser-performing index return; if lesser-performing index falls by up to 25%, par; otherwise, 1.333% loss for each 1% decline of the lesser-performing index beyond the buffer
Initial levels:	4,200.88 for S&P, 2,273.073 for Russell
Buffer levels:	3,150.66 for S&P, 1,704.805 for Russell; 75% of initial levels
Pricing date:	May 27
Settlement date:	June 2
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61771VYG9

© 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.