New Issue: Morgan Stanley prices $1.87 million principal at risk notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – Morgan Stanley Finance LLC priced $1.87 million of 0% principal at risk securities due Nov. 3, 2027 linked to 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 the initial level, the payout at maturity will be par plus the supplemental redemption amount, which is the index return times a participation rate of 111%.

If the index finishes flat or falls by up to 1%, the payout will be par. Investors will be exposed to losses beyond 15%.

Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Principal at risk securities
Underlying index:	S&P 500
Amount:	$1,871,000
Maturity:	Nov. 3, 2027
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 111% of any index gain; if index finishes flat or falls by up to 15%, par; exposure to losses beyond 15%
Initial value:	3,871.98
Threshold level:	3,291.183, 85% of initial level
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agents:	Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
Fees:	4.37%
Cusip:	61774HNR5

© 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.