By Kiku Steinfeld
Chicago, Aug. 12 – Morgan Stanley Finance LLC priced $1 million of 0% trigger Performance Leveraged Upside Securities due July 18, 2024 linked to the common stock of Cleveland-Cliffs Inc. and the American Depositary Shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes above its initial level, the payout at maturity will be par plus 349% of the least-performing stock’s return.
If the final level of either stock is less than or equal to its initial level but the final level of each stock is greater than or equal to its trigger level, the payout will be par. For each stock, the trigger level is 75% of its initial level.
If the final level of either stock is less than its trigger level, investors will be exposed to the decline of the least-performing stock from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying stocks: | Cleveland-Cliffs Inc. and Alibaba Group Holding Ltd.
|
| Amount: | $1 million
|
| Maturity: | July 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes above initial level, par plus 349% of least-performing stock’s return; if final level of either stock is less than or equal to initial level but final level of each stock is greater than or equal to trigger level, par; if final level of either stock is less than trigger level, exposure to decline of least-performing stock from initial level
|
| Initial levels: | $209.51 for Alibaba and $22.78 for Cleveland
|
| Trigger levels: | $157.133 for Alibaba and $17.085 for Cleveland, or 75% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61773FGM9
|
|
|
© 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.
