By Sarah Lizee
Olympia, Wash., Dec. 6 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional trigger securities due Nov. 27, 2024 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 105% of the index gain.
If the index closes at or below its initial level but at or above its trigger level, 75% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index finishes below its trigger level, 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: | Dual directional trigger securities
|
| Underlying index: | S&P 500
|
| Amount: | $250,000
|
| Maturity: | Nov. 27, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of any index gain; if index closes at or below initial level but at or above trigger level, par plus absolute value of index return; if index finishes below trigger level, 1% loss for every 1% that index declines from initial level
|
| Initial index level: | 3,110.29
|
| Trigger level: | 2,332.718, 75% of initial level
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 61769HJ63
|
|
|
© 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.
