New York, May 6 – Morgan Stanley Finance LLC priced $3 million of 0% accelerated return securities due May 1, 2034 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 157.5% of the index return.
If the index declines up to 50%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Accelerated return securities
|
Underlying index: | S&P 500 index
|
Amount: | $3 million
|
Maturity: | May 1, 2034
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 157.5% of index return; if index declines no more than 50%, par; otherwise, 1% loss for every 1% that index declines
|
Initial level: | 4,175.2
|
Trigger level: | 2,087.6; 50% of initial level
|
Upside leverage: | 157.5%
|
Cap: | None
|
Strike date: | April 26
|
Pricing date: | April 27
|
Settlement date: | May 2
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.9%
|
|
Cusip: | 61773Q5D7
|
|
|
© 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.