Morgan Stanley plans buffered participation securities on Dow, Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Aug. 18 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due Aug. 22, 2024 linked to the worse performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above the initial level, the payout at maturity will be par plus at least 101% of the gain of the laggard index.

If either index falls but not by more than 20%, the payout will be par.

Otherwise, investors will lose 1% for each 1% loss of lesser-performing index beyond the buffer.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 19.

The Cusip number is 61771BN67.

© 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.