Morgan Stanley to price capped contingent buffered equity notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 22 – Morgan Stanley Finance LLC plans to price capped contingent buffered equity notes due March 13, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any index gain, up to a maximum return of 11.6%.

Investors will receive par if the final average index value – the average closing level of the index on the five trading days ending March 8, 2019 – falls by up to 20% and will be fully exposed to losses if the index falls beyond 20%.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes (Cusip: 61768CE86) will price on Feb. 23 and settle on Feb. 28.

© 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.