By Wendy Van Sickle
Columbus, Ohio, Nov. 24 – Morgan Stanley Finance LLC priced $10 million of 0% trigger jump securities with downside principal exposure due Nov. 22, 2022 linked to the 10-Year U.S. Dollar ICE Swap Rate, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the reference rate finishes at or above 80% of its initial level, the payout at maturity will equal par plus 9.05%.
If the reference rate finishes below its 80% trigger, investors will be fully exposed to the losses of the reference rate from its initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities with downside principal exposure
|
| Underlying reference rate: | 10-Year U.S. Dollar ICE Swap Rate
|
| Amount: | $10 million
|
| Maturity: | Nov. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the reference rate finishes at or above its trigger level, par plus 9.05%; if reference rate falls by more than 20%, full exposure to the losses of the reference rate from its initial level
|
| Initial level: | 1.471%
|
| Trigger level: | 1.1768%, 80% of initial levels
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 1.5%
|
| Cusip: | 61773FEM1
|
|
|
© 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.
