By Wendy Van Sickle
Columbus, Ohio, April 26 – Morgan Stanley Finance LLC priced $1 million of 0% trigger Performance Leveraged Upside Securities due April 29, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above its initial level, the payout at maturity will be par plus 150% of the lesser-performing index’s return.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par plus 20%. For each index, the trigger level is 70% of its initial level.
If the final level of either index is less than its trigger level, investors will be fully exposed to the decline of the lesser-performing index from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1 million
|
| Maturity: | April 29, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If each index finishes above initial level, par plus 150% of lesser-performing index’s return; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to trigger level, par plus 20%; if final level of either index is less than trigger level, full exposure to decline of lesser-performing index from initial level
|
| Initial levels: | 2,907.41 for S&P 500 and 1,584.802 for Russell 2000
|
| Trigger levels: | 2,049.075 for S&P 500 and 1,111.692 for Russell 2000, or 70% of initial levels
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61768D6S9
|
|
|
© 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.
