Morgan Stanley eyes partial principal at risk notes on Stoxx Europe

By Devika Patel

Knoxville, Tenn., Oct. 1 – Morgan Stanley Finance LLC plans to price 0% equity-linked partial principal at risk securities due May 4, 2023 linked to the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus 108% to 113% of any index gain. The exact participation rate will be set at pricing.

If the index falls or remains flat, the payout will be par plus the return, with a minimum payout of $950 per $1,000 of notes.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61769HXY6) will price Oct. 28 and settle Oct. 31.

© 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.