New Issue: Morgan Stanley prices $575,000 trigger participation securities linked to S&P, Dow

New York, Dec. 29 – Morgan Stanley Finance LLC priced $575,000 of 0% trigger participation securities due Dec. 24, 2026 linked to the worst performing of the S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 100% of the return of that index, subject to a maximum return of 55%. Investors will receive par if the worst performing index falls but finishes at or above the 50% trigger level. If the worst performing index finishes below the trigger level investors will lose 1% for every 1% that it declines.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger participation securities
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$575,000
Maturity:	Dec. 24, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If return of worst performing index is positive, par plus 100% of that index's gain, subject to a 55% cap; par if worst performing index declines but finishes at or above trigger level; 1% loss for every 1% worst performing index declines if it finishes below trigger level
Initial level:	35,492.70 for Dow, 4,649.23 for S&P 500 index
Trigger level:	17,746.35 for Dow, 2,324.615 for S&P 500 index, 50% of initial levels
Upside leverage:	100%
Cap:	55%
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61773HUX5

© 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.