Chicago, Oct. 31 – Morgan Stanley Finance LLC priced $1.28 million of 0% dual directional buffered Performance Leveraged Upside Securities due Oct. 23, 2024 linked to the S&P 500 index, according to a 424B2 filing 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 1.05 times the gain.
If the index falls but not by more than 20%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be exposed to any decline in the index beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,278,000
|
| Maturity: | Oct. 23, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus 1.05 times the index return; if index falls by up to 20%, par plus absolute value of the return of the index; otherwise, exposure to any decline of index beyond 20%
|
| Initial level: | 2,986.20
|
| Buffer level: | 2,388.96, 80% of initial level
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 61769HXF7
|
|
|
© 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.
