Published on 3/17/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.03 million buffered digital notes tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., March 17 – Morgan Stanley priced $5.03 million of 0% buffered digital Russell 2000 index-linked notes due April 5, 2018, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout will be the maximum settlement amount of $1,155 for each $1,000 principal amount.
If the index return is less than negative 15%, investors will lose 1.1765% for each 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Buffered digital notes
|
Underlying index: | S&P 500
|
Amount: | $5,025,000
|
Maturity: | April 5, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is at least 85% of initial level, $1,155 for each $1,000 principal; 1.1765% loss for each 1% decline beyond 15%
|
Initial index level: | 1,066.666
|
Threshold level: | 906.6661, 85% of initial level
|
Pricing date: | March 15
|
Settlement date: | March 22
|
Underwriter: | Morgan Stanley & Co. LLC
|
Fees: | 1.47%
|
Cusip: | 61761J2L2
|
© 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.