By William Gullotti
Buffalo, N.Y., March 20 – Morgan Stanley Finance LLC priced $2.85 million of 0% enhanced trigger jump securities due March 28, 2025 linked to the stock performance of Petroleo Brasileiro SA, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock’s final level is greater than or equal to the downside threshold level, 60% of initial level, the payout at maturity will par plus 14.24%.
Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
|
| Underlying stock: | Petroleo Brasileiro SA
|
| Amount: | $2.85 million
|
| Maturity: | March 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock’s final level is greater than or equal to downside threshold level, par plus 14.24%; otherwise, 1% loss for every 1% that the stock declines from initial level
|
| Initial level: | $14.56
|
| Downside threshold: | $8.736; 60% of initial level
|
| Pricing date: | March 12
|
| Settlement date: | March 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61776LCQ8
|
|
|
© 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.
