By Wendy Van Sickle
Columbus, Ohio, May 30 – Morgan Stanley Finance LLC priced $1.29 million of 0% buffered participation securities due Nov. 30, 2020 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered participation securities
|
Underlying index: | S&P 500
|
Amount: | $1,288,000
|
Maturity: | Nov. 30, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if the final index level is at least 80% of the initial level; otherwise, investors will be exposed to losses beyond the 20% buffer
|
Initial index level: | 2,727.76
|
Pricing date: | May 24
|
Settlement date: | May 30 30
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 61768CW45
|
|
© 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.