New Issue: Morgan Stanley prices $8.3 million trigger gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 27 – Morgan Stanley Finance LLC priced $8.3 million of 0% trigger gears due Sept. 28, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.73 times the index return. Investors will receive par if the index declines by 35% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 35%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. UBS Finance Services Inc. is acting as dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$8,297,900
Maturity:	Sept. 28, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is greater than zero, par plus 1.73 times index return; par if index declines by 35% or less; full exposure to index’s decline from initial level if it declines by more than 35%
Initial level:	2,984.87
Downside threshold:	1,940.17, or 65% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Finance Services Inc.
Fees:	5%
Cusip:	61770C160

© 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.