By Tali Rackner
Minneapolis, Dec. 11 – Morgan Stanley Finance LLC priced $5.98 million of 0% trigger Performance Leveraged Upside Securities due Feb. 22, 2019 linked to the 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 commodity return is positive, the payout at maturity will be par of $1,000 plus double the return, up to a maximum return of 20.5%.
If the commodity falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying commodity: | West Texas Intermediate light sweet crude oil futures contracts
|
| Amount: | $5,978,000
|
| Maturity: | Feb. 22, 2019
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If commodity return is positive, par plus double the return, subject to maximum payment of $1,205 per trigger PLUS; par if commodity falls by up to 25%; 1% loss for every 1% decline from initial level if commodity drops more than 25%
|
| Initial price: | $56.55
|
| Trigger price: | $42.4125, 75% of the initial share price
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61766YCC3
|
|
|
|
|
© 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.
