By Marisa Wong
Morgantown, W.Va., May 8 – Morgan Stanley Finance LLC priced $3.79 million of 0% trigger gears due April 29, 2022 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.
The payout at maturity will be par of $10 plus 1.41 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Trigger gears
|
Underlying index: | S&P 500
|
Amount: | $3,789,440
|
Maturity: | April 29, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.41 times any index gain; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
|
Initial level: | 2,388.61
|
Downside threshold: | 1,791.46, 75% of initial level
|
Pricing date: | April 25
|
Settlement date: | April 28
|
Agents: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
|
Fees: | 3.5%
|
Cusip: | 61766W162
|
|
© 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.