| 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 plans buffered PLUS due 2024 linked to S&P 500
By Sarah Lizee
Olympia, Wash., May 13 – Morgan Stanley Finance LLC plans to price 0% buffered Performance Leveraged Upside Securities due June 5, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 105% of the index return.
If the final index level is less than or equal to the initial index level but has decreased from the initial index level by no more than 30%, the payout will be par.
If the final index level has decreased from the initial index level by more than 30%, investors will lose 1% for every 1% decline beyond 30%.
Morgan Stanley & Co. LLC is the agent.
The notes will price May 31.
The Cusip number is 61768D7U3.
© 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.