By Marisa Wong
Morgantown, W.Va., Feb. 7 – Morgan Stanley Finance LLC priced $10.96 million of 0% dual directional trigger Performance Leveraged Upside Securities due Feb. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 64.1%.
If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 80% of the initial index level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from the initial index level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Dual directional trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,962,340
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Maturity: | Feb. 5, 2020
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, subject to 64.1% cap; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
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Initial index level: | 3,230.68
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Trigger level: | 2,584.544, 80% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61766F870
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