By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Morgan Stanley Finance LLC priced $1.03 million of 0% trigger Performance Leveraged Upside Securities due Dec. 3, 2025 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 fund return is positive, the payout at maturity will be par of $10 plus 173% of the fund.
If the fund falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $1,033,000
|
| Maturity: | Dec. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par of $10 plus 173% of fund return; par if fund falls by up to 50%; 1% loss for every 1% decline from initial level if fund drops more than 50%
|
| Initial level: | $70.32
|
| Trigger level: | $35.16, 50% of the initial share price
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 1
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61768CVF1
|
|
|
|
|
© 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.
