By William Gullotti
Buffalo, N.Y., Dec. 13 – Morgan Stanley Finance LLC priced $1.05 million of 0% equity-linked partial principal at risk securities due Dec. 11, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus the index return, capped at par plus 41.69%.
If the index declines, investors will receive par plus the return of the index, subject to a minimum return of 90% of par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1.05 million
|
| Maturity: | Dec. 11, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus the index return, capped at par plus 41.69%; otherwise, 1% loss for every 1% decline from initial level, subject to minimum payout of 90% of par
|
| Initial level: | 1,818.29
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 13
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 61774TCU4
|
|
|
© 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.
