Morgan Stanley plans trigger absolute return notes tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Nov. 25 – Morgan Stanley Finance LLC plans to price 0% trigger absolute return step securities due Nov. 30, 2023 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and the step return, which is expected to be 39% to 41% and will be set at pricing.

If the index finishes below the initial index level but at or above the downside threshold, 75% of the initial index level, the payout will be par plus the absolute value of the index return.

If the index finishes below the downside threshold, investors will be fully exposed to the index’s decline from its initial level.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.

The notes will price on Nov. 26.

The Cusip number is 61770E190.

© 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.