New Issue: Morgan Stanley sells $1.24 million dual directional buffered PLUS on Dow, Russell

By Sarah Lizee

Olympia, Wash., April 2 – Morgan Stanley Finance LLC priced $1.24 million of 0% dual directional buffered Performance Leveraged Upside Securities due March 31, 2025 linked to the worse performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 130% of the gain of the lesser performing index.

If either index falls but neither falls by more than 20%, the payout will be par plus the absolute value of the return of the lesser performing index.

Otherwise, investors will be exposed to any decline in the lesser performing index beyond the 20% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Dual directional buffered Performance Leveraged Upside Securities
Underlying indexes:	Dow Jones industrial average, Russell 2000
Amount:	$1.24 million
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 130% of the lesser-performing index return; if lesser-performing index falls by up to buffer level, par plus absolute value of the return of that index; otherwise, exposure to any decline of lesser-performing index beyond buffer
Initial levels:	22,552.17 for Dow and 1,180.319 for Russell
Buffer levels:	18,041.736 for Dow and 944.255 for Russell, or 80% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	Morgan Stanley & Co. LLC
Fees:	4.24%
Cusip:	61770FNY8

© 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.