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Morgan Stanley to price two-year bearish capped gears tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 17 – Morgan Stanley Finance LLC plans to price 0% bearish capped gears due Oct. 23, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 2% for every 1% that the index declines, subject to a maximum return of 30.46% to 34.46%. If the final index level is greater than the initial index level, investors will lose 1% for every 1% that the index increases.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
The notes will price on Oct. 18.
The Cusip number is 61768J680.
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