By Susanna Moon
Chicago, April 26 – Morgan Stanley Finance LLC priced $2.25 million of 0% dual directional trigger Performance Leveraged Upside Securities due April 25, 2028 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 170.62% of the gain.
If the index falls by up to its 50% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
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: | $2.25 million
|
Maturity: | April 25, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 170.62% of return; if index falls by up to 50%, par plus absolute return; otherwise, 1% loss per 1% decline
|
Initial level: | 2,670.14
|
Trigger level: | 1,335.07, 50% of initial level
|
Pricing date: | April 20
|
Settlement date: | April 25
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 61768CV79
|
|
|
|
|
© 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.