By William Gullotti
Buffalo, N.Y., April 1 – Morgan Stanley Finance LLC priced $5.05 million of 0% trigger securities due March 31, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index value is greater than the initial value, the payout at maturity will be par of $10 plus the index gain.
If the index declines by up to the 55% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the losses of the index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as placement agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Trigger securities
|
Underlying index: | S&P 500
|
Amount: | $5,054,380
|
Maturity: | March 31, 2027
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus any index gain; if index falls but finishes at or above trigger level, par; otherwise, full exposure to losses
|
Initial level: | 4,575.52
|
Trigger level: | 2,516.54; 55% of initial level
|
Pricing date: | March 28
|
Settlement date: | March 31
|
Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 61773Y193
|
|
© 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.