New Issue: Morgan Stanley sells $1.62 million capped dual directional contingent buffer notes on S&P

Chicago, Oct. 15 – Morgan Stanley Finance LLC priced $1.62 million of 0% capped dual directional contingent buffer equity notes due Oct. 15, 2020 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 index finishes above the initial level, the payout at maturity will be par plus the index return, up to a maximum return of 7%.

If the index falls by up to 20.15%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Capped dual directional contingent buffer equity notes
Underlying index:	S&P 500
Amount:	$1,615,000
Maturity:	Oct. 15, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at 7%; if index falls by up to 20.15%, par plus absolute value of index return; otherwise, full exposure to any losses
Initial level:	2,961.79
Knock-out level:	2,364.989, 79.85% of initial value
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Underwriter:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	61769HWF8

© 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.