By Marisa Wong
Morgantown, W.Va., Nov. 2 – Morgan Stanley Finance LLC priced $723,000 of 0% trigger Performance Leveraged Upside Securities due Oct. 29, 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 finishes above its initial level, the payout at maturity will be par plus 125% of the index return.
If the index finishes at or below its initial level but above its trigger level, the payout will be par. The trigger level is 60% of the initial index level.
If the index finishes at or below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $723,000
|
| Maturity: | Oct. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index finishes above initial level, par plus 125% of index return; if index finishes at or below initial level but above trigger level, par; if index finishes at or below trigger level, full exposure to decline
|
| Initial index level: | 2,139.43
|
| Trigger level: | 1,283.658, 60% of initial level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61768CAQ0
|
|
|
© 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.
