By Wendy Van Sickle
Columbus, Ohio, May 7 – Morgan Stanley Finance LLC priced $5 million of 6.25% worst-of fixed coupon RevCons due Oct. 26, 2022 linked to the worst performing of the stocks of Wells Fargo & Co., Coca-Cola Co. and 3M Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Interest is payable monthly.
If each stock finishes at or above the 65% downside threshold level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the decline of the least performing stock.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Worst-of fixed coupon RevCons
|
| Underlying stocks: | Wells Fargo & Co., Coca-Cola Co. and 3M Co.
|
| Amount: | $5 million
|
| Maturity: | Oct. 26, 2022
|
| Coupon: | 6.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above downside threshold level, par plus the final coupon; otherwise, investors will be fully exposed to the decline of the least performing stock
|
| Initial share prices: | $42.54 for Wells Fargo, $54.17 for Coca-Cola and $198.30 for 3M
|
| Downside thresholds: | $27.651 for Wells Fargo, $35.211 for Coca-Cola and $128.895 for 3M; 65% of initial levels
|
| Pricing date: | April 21
|
| Settlement date: | April 26
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 61771VWM8
|
|
|
|
|
© 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.
