By Marisa Wong
Madison, Wis., Dec. 28 - Morgan Stanley priced $1.93 million of trigger contingent coupon notes due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 6.3% if the index closes at or above the 60% barrier level on a monthly determination date.
If the index finishes at or above the barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to losses.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger contingent coupon notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,929,900
|
| Maturity: | Dec. 31, 2020
|
| Coupon: | 6.3% per year if index closes at or above barrier level on a monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above barrier level; otherwise, full exposure to losses
|
| Initial level: | 1,419.83
|
| Barrier level: | 851.90, 60% of initial level
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 4%
|
| Cusip: | 61761M110
|
© 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.
