By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Morgan Stanley Finance LLC priced $2 million of 0% buffered Performance Leveraged Upside Securities due April 5, 2023 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above the initial level, the payout at maturity will be par plus 150% of the gain of the worse performing index, up to a maximum payout of par plus 51%.
If either index falls but neither below the 80% downside threshold, the payout will be par plus 1.05% for each 1% that the lesser-performing index finishes above the downside threshold.
Otherwise, investors will be exposed to any losses beyond the downside threshold level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500, Russell 2000
|
| Amount: | $2 million
|
| Maturity: | April 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 150% of return of worse performing index, with payout capped at par plus 51%; if either index falls but not below the downside threshold level, par plus 1.05% for each 1% that lesser-performing index finishes above downside threshold; otherwise, exposure to losses of worse performing index beyond 20%
|
| Initial levels: | Arithmetic average of the index closing level of index on 14 weekly initial averaging dates from Jan. 8 through April 8, 2019
|
| Downside thresholds: | 80% of initial levels
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 15
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 0.53%
|
| Cusip: | 61768W681
|
|
|
|
|
© 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.
