By William Gullotti
Buffalo, N.Y., Dec. 7 – Morgan Stanley Finance LLC priced $1.7 million of 0% trigger jump securities due Dec. 3, 2025 linked to the stock performance of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 54.1%.
If the stock falls by up to 80% of initial levels, the payout will be par.
Otherwise, investors will be fully exposed to stock decline 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 jump securities
|
| Underlying stock: | Apple Inc.
|
| Amount: | $1.7 million
|
| Maturity: | Dec. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the stock finishes at or above initial level, par plus 54.1%; if the stock falls by up to 20%, par; otherwise, full exposure to decline from initial level
|
| Initial level: | $148.03
|
| Downside threshold level: | $118.424; 80% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61774Q280
|
|
|
© 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.
