By Wendy Van Sickle
Columbus, Ohio, Nov. 10 – Morgan Stanley Finance LLC priced $33.75 million of 0% autocallable buffered notes due Nov. 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a premium of 6.55% if the index closes at or above its initial level on Nov. 14, 2022.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 13.1%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1.1111% for each 1% index decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $33,747,000
|
| Maturity: | Nov. 8, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 13.1%; if index falls by up to 10%, par; otherwise, 1.1111% loss for each 1% index decline beyond 10%
|
| Call: | Automatically at par plus 6.55% if index closes at or above its initial level on Nov. 14, 2022
|
| Initial level: | 4,697.53
|
| Buffer level: | 4,227.777, 90% of initial level
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61773F7P2
|
|
|
© 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.
