By Susanna Moon
Chicago, March 15 – Morgan Stanley Finance LLC priced $1.57 million of 0% dual directional trigger Performance Leveraged Upside Securities due March 3, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 113% of the gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
If the index finishes below its 70% trigger level, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,565,000
|
| Maturity: | March 3, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus 113% of return; if index falls by up to 30%, par plus the absolute return; otherwise, investors 1% loss per 1% decline
|
| Initial level: | 2,713.83
|
| Trigger level: | 1,899.68, 70% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 61768CA23
|
|
|
|
|
© 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.
