By Wendy Van Sickle
Columbus, Ohio, May 21 – Morgan Stanley Finance LLC priced $6.59 million of 0% buffered Performance Leveraged Upside Securities due May 19, 2022 linked to a basket of the S&P 500 index with a 75% weight and the Russell 2000 index with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
At maturity, if the basket gains, the payout will be par plus 140% of the basket return, capped at par plus 46.85%.
If the final basket value is less than the initial basket value but is greater than or equal to 90% of the initial basket value, investors will receive par.
If the final basket value is less than 90% of the initial basket value, investors will lose 1% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Basket components: | S&P 500 index (75% weight) and Russell 2000 index (25% weight)
|
| Amount: | $6,587,000
|
| Maturity: | May 19, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket gains, par plus 111.85% of the basket return; if the final basket value is less than the initial basket value but is greater than or equal to 90% of the initial basket value, par; if the final basket value is less than 90% of the initial basket value, 1% loss for every 1% decline beyond 10%
|
| Initial levels: | 1,548.271 for Russell, 2,850.96 for S&P
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61769HBN4
|
|
|
© 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.
