By Angela McDaniels
Tacoma, Wash., Jan. 31 – Morgan Stanley Finance LLC priced $1.39 million of 0% buffer allocation securities due Jan. 31, 2024 linked to the S&P 500 index, the MSCI EAFE index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The allocated basket return will be 84% of the best-performing index’s return plus 16% of the second best-performing index’s return. The return of the worst-performing index will not be used in the calculation of the allocated basket return. Each index’s return can be positive or negative.
If the allocated basket return is greater than zero, the payout at maturity will be par of $10 plus the allocated basket return.
If the allocated basket return is less than or equal to zero but the final basket level is greater than or equal to the downside threshold, 90% of the initial basket level, the payout will be par.
If the final basket level is less than the downside threshold, investors will lose 1% for every 1% that the basket declines beyond 10%.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffer allocation securities
|
| Underlying indexes: | S&P 500, MSCI EAFE and MSCI Emerging Markets
|
| Amount: | $1,386,000
|
| Maturity: | Jan. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Allocated basket return: | 84% of best-performing index’s return plus 16% of second best-performing index’s return
|
| Payout at maturity: | If allocated basket return is greater than zero, par plus allocated basket return; if allocated basket return is less than or equal to zero but final basket level is greater than or equal to downside threshold, par; if final basket level is less than downside threshold, 1% loss for every 1% that basket declines beyond 10%
|
| Initial index levels: | 2,640.00 for S&P 500; 1,810.73 for MSCI EAFE; 1,029.75 for MSCI Emerging Markets
|
| Initial basket level: | 100
|
| Final basket level: | 100 multiplied by sum of one plus allocated basket return
|
| Downside threshold: | 90
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61768W657
|
© 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.
