By Sarah Lizee
Olympia, Wash., Sept. 16 – Morgan Stanley Finance LLC priced $3.25 million of 0% trigger Performance Leveraged Upside Securities due Sept. 14, 2023 tied to the Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock finishes above its initial level, the payout at maturity will be par of $10 plus 150% of the stock return capped at $20.60 per $10 principal amount of notes.
If the stock finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 80% of the initial stock level.
If the stock finishes below its trigger level, investors will be fully exposed to the stock’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying stock: | Apple Inc.
|
| Amount: | $3.25 million
|
| Maturity: | Sept. 14, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes above initial level, par plus 150% of stock return, capped at $20.60per $10 principal amount of notes; if stock finishes at or below initial level but at or above trigger level, par; if stock finishes below trigger level, full exposure to decline
|
| Initial stock level: | $112.00
|
| Trigger level: | $89.60, 80% of initial level
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 61771D381
|
© 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.
