New Issue: Morgan Stanley sells $2.29 million market-linked contingent notes on Stoxx indexes

By William Gullotti

Buffalo, N.Y., Feb. 3 – Morgan Stanley Finance LLC priced $2.29 million of 0% market-linked securities – contingent fixed return and contingent downside due Feb. 3, 2028 linked to the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index’s final level is greater than its initial level, payout at maturity will be par plus 71%.

Investors will receive par if any index falls by up to 30%. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked securities – contingent fixed return and contingent downside
Underlying indexes:	Euro Stoxx 50 index, Stoxx Europe 600 index
Amount:	$2,285,000
Maturity:	Feb. 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 71%; par if any index falls by up to 30%; otherwise, full exposure to decline of worst performer from its initial level
Initial levels:	4,174.6 for Stoxx 50, 468.88 for Europe 600
Threshold levels:	2,922.22 for Stoxx 50, 328.216 for Europe 600; 70% of initial level
Pricing date:	Jan. 31
Settlement date:	Feb. 3
Agents:	Wells Fargo Securities LLC and Morgan Stanley & Co. LLC
Fees:	3.82%
Cusip:	61773HF95

© 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.