Morgan Stanley plans 10-year trigger gears with no cap tied to S&P 500

By Susanna Moon

Chicago, Nov. 4 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Nov. 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.65 times to 1.85 times any index gain, with the exact upside gearing to be set at pricing.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below its 50% trigger level.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

The notes guaranteed by Morgan Stanley.

The notes will price on Nov. 28 and settle on Nov. 30.

The Cusip number is 61766F391.

© 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.