New Issue: Morgan Stanley prices $5.66 million buffered PLUS due 2020 tied to S&P

By Sarah Lizee

Olympia, Wash., Sept. 19 – Morgan Stanley Finance LLC priced $5.66 million of 0% buffered Performance Leveraged Upside Securities due Sept. 17, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 21.35%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$5,664,000
Maturity:	Sept. 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 21.35%; if index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
Initial level:	2,904.98
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61768DEV3

© 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.