By Sarah Lizee
Olympia, Wash., July 3 – Morgan Stanley Finance LLC priced $2.73 million of 0% trigger gears due June 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.66 times any index gain.
If the index falls by up to 25%, the payout will be par.
If the index finishes below the 75% downside threshold, investors will lose 1% for every 1% decline.
The notes are guaranteed by Morgan Stanley.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500
|
| Amount: | $2,728,100
|
| Maturity: | June 28, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.66 times any index gain; par if index falls by up to 25%; otherwise, full exposure to losses
|
| Initial index level: | 2,917.38
|
| Downside threshold: | 2,188.04, 75% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61768Y802
|
© 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.
