Morgan Stanley to price trigger gears due 2023 tied to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., Aug. 6 – Morgan Stanley Finance LLC plans to price 0% trigger gears due Aug. 31, 2023 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index finishes above the initial level, the payout at maturity will be par plus the upside gearing of between 3.2 and 3.3 times the gain. The exact upside gearing will be set at pricing.

If the index finishes at or below the initial level but at or above the downside threshold, 70% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to the index decline.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

The notes will price on Aug. 29 and settle on Aug. 31.

The Cusip number is 61768R518.

© 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.