By Sarah Lizee
Olympia, Wash., Dec. 12 – Morgan Stanley Finance LLC priced $500,000 of 0% dual directional buffered participation securities due Dec. 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above the initial level, the payout at maturity will par plus 102% of the return of the index.
If the index falls but by no more than the 20% buffer, the payout will be par plus the absolute value of the return.
If the index falls by more than 20%, investors will lose 1% for every 1% decline beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered participation notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $500,000
|
| Maturity: | Dec. 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus 102% of the return of the index; if the index falls but by no more than the buffer, par plus the absolute value of the return; if the index falls by more than buffer amount, 1% loss for every 1% decline beyond the buffer
|
| Initial level: | 3,133.64
|
| Buffer level: | 2,506.912; 80% of initial level
|
| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 6%
|
| Cusip: | 61769HY25
|
|
|
© 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.
