Morgan Stanley to price 18-month market plus notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 7 – Morgan Stanley Finance LLC plans to price 0% market plus notes due June 12, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

A knock-out event occurs if the index finishes below the initial level by more than the 12.75% knock-out buffer amount.

If a knock-out event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 0%.

If the index finishes below the 87.25% knock-out level, the payout will be par plus the index return, with full exposure to any losses.

The final level will be the average of the index closing levels on the five averaging dates ending June 7, 2019.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price Dec. 8.

The Cusip number is 61768CVZ7.

© 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.