By Sarah Lizee
Olympia, Wash. Sept. 17 – Morgan Stanley Finance LLC priced $3 million of 0% trigger digital notes due Sept. 29, 2022 linked to 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 commodity finishes at or above 70% of its initial level, the payout at maturity will be par plus 9.05%.
If the commodity finishes below the 70% downside threshold, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent, with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger digital notes
|
| Underlying index: | WTI crude oil futures contract
|
| Amount: | $3 million
|
| Maturity: | Sept. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the commodity finishes at or above its downside threshold level, par plus 9.05%; otherwise, exposure to decline of commodity
|
| Initial price: | $70.45
|
| Downside threshold: | $49.32, 70% of initial level
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 61773FEJ8
|
© 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.
