By Wendy Van Sickle
Columbus, Ohio, May 9 – Morgan Stanley Finance LLC priced $1.08 million of 0% buffered Performance Leveraged Upside Securities due May 9, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 121% of the return.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,079,000
|
| Maturity: | May 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 121% of any index gain; if index falls by up 30%, par; otherwise, 1% loss per 1% decline beyond 30%
|
| Initial level: | 2,663.42
|
| Pricing date: | May 4
|
| Settlement date: | May 9
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61768C2J5
|
|
|
© 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.
