New York, Sept. 13 – Morgan Stanley Finance LLC priced $4.29 million of fixed income buffered securities due Dec. 12, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.85%, paid monthly.
If the worst performing index finishes at or above 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1.25% for every 1% that the worst performing index declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed income buffered securities
|
| Underlying indexes: | Russell 2000 index and Nasdaq-100 index
|
| Amount: | $4.29 million
|
| Maturity: | Dec. 12, 2024
|
| Coupon: | 8.85%, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above 80% of its initial level, par; otherwise, 1.25% loss for every 1% that worst performing index declines beyond 20%
|
| Initial levels: | 15,258.52 for Nasdaq-100, 1,855.759 for Russell 2000
|
| Buffer: | 20%
|
| Strike date: | Sept. 7
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 13
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61775H2R7
|
|
|
|
|
© 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.
