By Wendy Van Sickle
Columbus, Ohio, July 24 – Morgan Stanley Finance LLC priced $6 million of 0% buffered Performance Leveraged Upside Securities due July 24, 2020 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum payment of $18.60 per PLUS.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as a distributor.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | MSCI Europe index
|
| Amount: | $6 million
|
| Maturity: | July 24, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par of $10 plus double the index return, subject to a maximum payment of $18.60 per PLUS; par if index drops up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial level: | 128.26
|
| Buffer level: | 115.434, 90% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a distributor
|
| Fees: | 2.1%
|
| Cusip: | 61766X376
|
|
|
|
|
© 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.
