New York, Feb. 7 – Morgan Stanley Finance LLC priced $5.1 million of callable contingent income securities due Feb. 9, 2024 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7%, payable quarterly if the index closes at or above its 60% coupon barrier on the related observation date.
The securities may be called starting May 10 at par on any quarterly call date.
At maturity the payout will be par unless the underlying index closes below its 60% downside threshold in which case investors will be fully exposed to the decline of the index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $5.1 million
|
| Maturity: | Feb. 9, 2024
|
| Coupon: | 7%, payable quarterly if index closes at or above 60% coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying index
|
| Call: | Starting May 10 at par on any quarterly call date
|
| Initial level: | 4,028.39
|
| Downside threshold: | 2,417.034, 60% of initial level
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 7
|
| Agent: | Morgan Stanley & Co. LLC
|
| Distributor: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 0.39%
|
| Cusip: | 61774TWZ1
|
|
|
|
|
|
|
© 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.
