By Angela McDaniels
Tacoma, Wash., Jan. 31 – Morgan Stanley Finance LLC priced $6.21 million of 0% trigger absolute return step securities due Jan. 31, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par of $10 plus the greater of 55% and the basket return.
If the final basket level is less than the initial basket level and greater than or equal to the downside threshold level, 70% of the initial basket level, the payout will be par plus the absolute value of the basket return.
If the final basket level is less than the downside threshold level, investors will lose 1% for every 1% that the final basket level is less than the initial basket level.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger absolute return step securities
|
| Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
| Amount: | $6,214,450
|
| Maturity: | Jan. 31, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final basket level is greater than or equal to initial basket level, par plus greater of 55% and basket return; if final basket level is less than initial basket level and greater than or equal to downside threshold level, par plus absolute value of basket return; if final basket level is less than downside threshold level, 1% loss for every 1% that final basket level is less than initial basket level
|
| Initial index levels: | 3,153.42 for Euro Stoxx 50; 6,833.93 for FTSE 100; 20,664.64 for Nikkei 225; 8,940.52 for Swiss Market; 5,874.166 for S&P/ASX 200 and 27,531.68 for Hang Seng
|
| Downside threshold: | 70% of initial basket level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61768W574
|
© 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.
