New Issue: Morgan Stanley prices $1.14 million buffered jump notes tied to S&P 500

By Marisa Wong

Madison, Wis., Nov. 3 – Morgan Stanley priced $1.14 million of 0% buffered jump securities due Oct. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 42%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$1,137,000
Maturity:	Oct. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 42%; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	1,985.05
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761JTF6

© 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.