| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Morgan Stanley plans dual directional buffered PLUS on Russell, S&P
New York, May 4 – Morgan Stanley Finance LLC plans to price 0% dual directional buffered Performance Leveraged Upside Securities due May 12, 2022 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If both indexes finish above their initial levels, the payout at maturity will be par plus 105% of the gain of the worse performing index.
If either index declines but both end at or above 50% to 52% of their initial values, the payout will be par plus 0.15 times the absolute return of the worse performing index.
The payout will be par less the decline beyond the 48% to 50% buffer of the worse performing index if the worse performing index declines by more than the buffer amount. The exact buffer amount will be set at pricing.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 7 and settle on May 17.
The Cusip number is 61768CZ83.
© 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.