A story that originally ran in the Dec. 1 issue of the Prospect News Structured Products Daily incorrectly reported the issuer of the Trigger Performance Leveraged Upside Securities. The following story is the corrected version.
Columbus, Ohio, Dec. 1 – Morgan Stanley Finance LLC priced $6.96 million of 0% trigger Performance Leveraged Upside Securities due Nov. 22, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 4 times the return, capped at par plus 42%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $6,962,700
|
| Maturity: | Nov. 22, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 400% of any index gain up to par plus 42%; if index falls by up to trigger level, par; otherwise, 1% loss per 1% decline
|
| Initial level: | 4,356.47
|
| Trigger level: | 3,920.823, 90% of initial level
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61773G614
|
|
|
© 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.
