New York, June 29 – Morgan Stanley Finance LLC priced $5.98 million of 0% dual directional trigger jump securities due June 23, 2025 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 40.4%.
Investors will receive a 1% gain for each 1% loss in the underlying index if the index declines but finishes at or above the 90% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the index 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: | Dual directional trigger jump securities
|
Underlying index: | MSCI Emerging Markets index
|
Amount: | $5,978,500
|
Maturity: | June 23, 2025
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 40.4%; 1% gain for each 1% loss if index declines but ends at or above downside threshold; otherwise, full exposure to loss
|
Initial level: | 1,004.63
|
Upside payment: | 40.4%
|
Downside threshold: | 904.167, 90% of initial level
|
Pricing date: | June 17
|
Settlement date: | June 23
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3% including a structuring fee of 0.5%
|
|
Cusip: | 61774B317
|
|
|
© 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.