New York, June 1 – Morgan Stanley Finance LLC priced $2.89 million of 0% PLUS due May 30, 2028 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 134.75% of the ETF return.
Investors will be fully exposed to any ETF decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | PLUS
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $2,887,000
|
| Maturity: | May 30, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 134.75% of ETF return; otherwise, 1% loss for every 1% that ETF declines from initial level
|
| Initial level: | $411.09
|
| Upside leverage: | 134.75%
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.125%
|
| Cusip: | 61774XYF4
|
|
|
© 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.
