By Marisa Wong
Morgantown, W.Va., Feb. 7 – Morgan Stanley Finance LLC priced $1.64 million of 0% buffered Performance Leveraged Upside Securities due Aug. 2, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the fund return, subject to a maximum return of 40.59%.
If the fund finishes flat or falls by no more than 15%, the payout will be par.
If the fund falls by more than 15%, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,637,000
|
| Maturity: | Aug. 2, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 150% of any fund gain, subject to 40.59% cap; if fund finishes flat or falls by no more than 15%, par; if fund falls by more than 15%, 1.1765% loss for every 1% decline beyond 15% buffer
|
| Initial price: | $59.54
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61768CEV5
|
© 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.
