By William Gullotti
Buffalo, N.Y., Feb. 23 – Morgan Stanley Finance LLC priced $4.85 million of 0% dual directional buffered equity securities due Feb. 19, 2027 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus the return of the ETF, subject to a maximum return of par plus 100%.
Investors will receive par plus absolute return of the ETF if it declines by no more than 25% and will lose 1.3333% for each 1% decline beyond 25%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered equity securities
|
| Underlying fund: | Energy Select Sector SPDR Fund
|
| Amount: | $4.85 million
|
| Maturity: | Feb. 19, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of ETF is positive, par plus ETF return, capped at par plus 100%; par plus absolute return of ETF if it declines by no more than 25%; otherwise, lose 1.3333% for each 1% decline beyond 25%
|
| Initial level: | $83.30
|
| Buffer level: | $62.475; 75% of initial level
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Agent: | Morgan Stanley & Co. LLC
|
| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 2%
|
| Cusip: | 61771WG93
|
|
|
© 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.
