New Issue: Morgan Stanley prices $5 million market-linked notes on S&P 500, EM fund

By Tali Rackner

Norfolk, Va., Feb. 17 – Morgan Stanley priced $5 million of 0% market-linked notes due Feb. 16, 2022 linked to a basket comprised of the S&P 500 index with a 70% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 72% of any basket gain, up to a cap of $20 per note.

If the basket falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Market-linked notes
Underliers:	S&P 500 index (70%), iShares MSCI Emerging Markets ETF (30%)
Amount:	$5 million
Maturity:	Feb. 16, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 72% of the basket gain, capped at $20 per note; if basket falls, par
Initial levels:	1,829.08 for S&P, $28.82 for iShares MSCI EM fund
Pricing date:	Feb. 11
Settlement date:	Feb. 17
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61766A111

© 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.