By Angela McDaniels
Tacoma, Wash., Jan. 24 – Morgan Stanley Finance LLC priced $1 million of 0% market-linked notes due Jan. 25, 2024 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The index is intended to provide investors with exposure to a broad performance benchmark for the U.S. equity markets through the S&P 500 Total Return index while attempting to provide greater stability and lower overall risk of large fluctuations in the underlying index’s performance as compared to the S&P 500 Total Return index through the use of a volatility target.
The payout at maturity will be $1,025 per $1,000 principal amount of notes plus the supplemental redemption amount.
The supplemental redemption amount will be product of $1,000 multiplied by the index percent change, provided that the supplemental redemption amount will not be less than zero.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500 Daily Risk Control 10% USD Excess Return index
|
| Amount: | $1 million
|
| Maturity: | Jan. 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | 102.5% of par plus index return, subject to minimum payout of 102.5% of par
|
| Initial index level: | 189.113
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.25%
|
| Cusip: | 61768DYY5
|
© 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.
