By William Gullotti
Buffalo, N.Y., July 25 – Morgan Stanley Finance LLC priced $6.48 million of 9.05% trigger callable yield notes due Oct. 25, 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.
Interest is payable monthly.
The notes are callable at par of $10 on any monthly coupon payment date after three months.
The payout at maturity will be par unless the index finishes below its 75% downside threshold level, in which case investors will be fully exposed to the index’s decline.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger callable yield notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $6,481,000
|
| Maturity: | Oct. 25, 2023
|
| Coupon: | 9.05%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above downside threshold level, par; otherwise, full exposure to index decline from initial level
|
| Call option: | At par on any monthly call date after three months
|
| Initial level: | 3,959.9
|
| Downside threshold level: | 2,969.93; 75% of initial level
|
| Pricing date: | July 20
|
| Settlement date: | July 25
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 61774B713
|
|
|
|
|
|
|
© 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.
