By Marisa Wong
Morgantown, W.Va., Jan. 27 – Morgan Stanley Finance LLC priced $1.25 million of 0% accelerated barrier notes due Jan. 27, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the fund finishes at or above the initial level, the payout at maturity will be par plus 127.5% of the gain. If the fund finishes at or above the 70% trigger level, the payout will be par. Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Accelerated barrier notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1.25 million
|
| Maturity: | Jan. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the fund finishes at or above the initial level, par plus 127.5% of the gain; if the fund finishes at or above the trigger level, par; otherwise, investors will be fully exposed to any losses
|
| Initial price: | $36.96
|
| Trigger level: | $25.872, 70% of initial price
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61768CEB9
|
|
|
© 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.
