By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – Morgan Stanley Finance LLC priced $4.04 million of 0% equity-linked partial principal at risk securities due Nov. 10, 2022 linked to the SPDR Gold trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above its initial level, the payout at maturity will be par plus 50% of the ETF return, up to a maximum payout of 104.55% of par.
If the ETF finishes below its initial level, investors will be exposed to the decline, subject to a minimum payout of 95% of par.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying ETF: | SPDR Gold trust
|
| Amount: | $4,035,000
|
| Maturity: | Nov. 10, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes above initial level, par plus 50% of ETF return up to a maximum payout of 104.55% of par; if ETF finishes below initial level, exposure to decline, subject to minimum payout of 95% of par
|
| Initial level: | $178.82
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 12
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61771EJJ8
|
|
|
© 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.
