By Marisa Wong
Morgantown, W.Va., June 13 – Morgan Stanley Finance LLC priced $1.2 million of 0% trigger jump securities due June 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 59%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.2 million
|
| Maturity: | June 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial level, par plus 59%; par if index falls by up to 30%; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 2,826.06
|
| Downside threshold: | 1,978.242, 70% of initial level
|
| Pricing date: | May 24
|
| Settlement date: | May 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61769HCL7
|
|
|
© 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.
