New Issue: Morgan Stanley sells $1 million 10.2% worst of fixed coupon RevCons on three stocks

New York, May 20 – Morgan Stanley Finance LLC priced $1 million of worst of fixed coupon RevCons due May 15, 2025 linked to the stocks of Amazon.com, Inc., Starbucks Corp. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.2%, paid monthly.

If the worst performing stock finishes at or above the 50% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing stock declines if it finishes below the downside threshold level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Worst of fixed coupon RevCons
Underlying stocks:	Amazon.com, Inc., Starbucks Corp. and Charles Schwab Corp.
Amount:	$1 million
Maturity:	May 15, 2025
Coupon:	10.2%, paid monthly
Price:	Par
Payout at maturity:	If worst performing stock finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing stock declines if it finishes below its downside threshold level
Initial level:	$2,138.61 for Amazon.com, $69.90 for Starbucks, $64.95 for Charles Schwab
Downside threshold:	$1,069.305 for Amazon.com, $34.95 for Starbucks, $32.475 for Charles Schwab, 50% of initial level
Strike date:	May 12
Pricing date:	May 13
Settlement date:	May 18
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61774DDZ7

© 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.