New Issue: Morgan Stanley sells $2.31 million trigger gears on Russell 2000, S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 10 – Morgan Stanley Finance LLC priced $2.31 million of 0% trigger gears due June 30, 2025 linked to the lesser performing of the Russell 2000 index and 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 return of each underlying index is positive, the payout at maturity will be par of $10 plus 1.8 times the gain of the lesser performing index.

Investors will receive par if the lesser performing index declines by 45% or less and be fully exposed to the lesser performing index’s decline from its initial level if it declines by more than 45%.

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

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger gears
Underlying indexes:	Russell 2000, S&P 500
Amount:	$2,305,000
Maturity:	June 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the return of each index is positive, par plus 1.8 times the gain in the lesser performing index; par if the lesser performing index declines by 45% or less; full exposure to the lesser performing index’s decline from its initial level if it declines by more than 45%
Initial level:	1,657.51 for Russell, 2,717.07 for S&P
Downside threshold:	911.631 for Russell, 1,494.389 for S&P; 55% of initial level
Pricing date:	June 25
Settlement date:	June 28
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	61768Q874

© 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.