New Issue: Morgan Stanley prices $10.25 million 8.9% fixed income buffered securities on Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, June 6 – Morgan Stanley Finance LLC priced $10.25 million of fixed income buffered securities due Dec. 30, 2024 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.9%, paid monthly.

If the worst performing index gains or declines by no more than the 15% buffer the payout at maturity will be par. Investors will lose 1.25% for every 1% that the worst performing index declines beyond the buffer.

The notes are non-callable.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income buffered securities
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$10.25 million
Maturity:	Dec. 30, 2024
Coupon:	8.9%, paid monthly
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its buffer, par; 1.25% loss for every 1% that worst performing index declines beyond its buffer level
Initial levels:	13,604.48 for Nasdaq-100, 1,767.0 for Russell 2000
Buffer levels:	10,883.584 for Nasdaq-100, 1,413.6 for Russell 2000, 80% of initial levels
Call:	Non-callable
Pricing date:	May 25
Settlement date:	May 31
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61771WAK4

© 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.