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 to price trigger gears due 2023 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 9 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Oct. 13, 2023 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the upside gearing of 1.515 to 1.52 times the gain. The exact upside gearing will be set at pricing.
If the index falls but finishes at or above the 75% downside threshold level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
The notes will price on Oct. 10.
The Cusip number is 61768T498.
© 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.