By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – Morgan Stanley Finance LLC priced $3 million 0% capped airbag absolute return gears due Nov. 2, 2021 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.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum gain of 43.5%.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par plus the absolute value of the index return.
If the index falls by more than 30%, investors will lose 1.4286% for each 1% decline beyond 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped airbag absolute return gears
|
| Underlying index: | S&P 500
|
| Amount: | $3 million
|
| Maturity: | Nov. 2, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, up to a maximum gain of 43.5%; if index falls but finishes at or above downside threshold, par plus absolute value of return; if index falls by more than 30%, 1.4286% loss for each 1% decline beyond 30%
|
| Initial level: | 2,126.41
|
| Downside threshold: | 1,488.49, 70% of initial level
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 2
|
| Underwriters: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61766F433
|
|
|
© 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.
