By Wendy Van Sickle
Columbus, Ohio, July 2 – Morgan Stanley Finance LLC priced $2.67 million of 0% trigger Performance Leveraged Upside Securities due May 26, 2023 based on the performance of a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final commodity price is greater than the initial price, the payout at maturity will be par plus 1.5 times the gain.
If the commodity price falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline in the commodity price.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | trigger Performance Leveraged Upside Securities
|
| Underlying commodity: | WTI crude oil futures contract
|
| Amount: | $2,672,000
|
| Maturity: | May 26, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in commodity price; if price falls by up to 30%, par; otherwise, full exposure to decline
|
| Initial price: | $63.58
|
| Trigger price: | $44.506, 70% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 61771VC65
|
|
|
© 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.
