By Wendy Van Sickle
Columbus, Ohio, April 25 – Morgan Stanley Finance LLC priced $4 million of 0% enhanced trigger jump securities due June 26, 2019 linked to West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final price is at least 60% of the initial price, the payout at maturity will be par plus 9.05%. Otherwise, investors will be fully exposed to the decline in the price of oil.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
|
| Underlying commodity: | West Texas Intermediate light sweet crude oil
|
| Amount: | $4 million
|
| Maturity: | June 26, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final price of oil is at least 60% of initial level, par plus 9.05%; otherwise, full exposure to decline in price of oil
|
| Initial oil price: | $68.35
|
| Downside threshold: | $41.01, 60% of initial price
|
| Pricing date: | April 23
|
| Settlement date: | April 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61766YCU3
|
|
|
© 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.
