By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – Morgan Stanley Finance LLC priced $1.78 million of 0% buffered Performance Leveraged Upside Securities due July 31, 2023 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $1,000 plus 127.4% of any index gain.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1,777,000
|
| Maturity: | July 31, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 127.4% of any index gain; if index falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial level: | 25,527.07
|
| Pricing date: | July 25
|
| Settlement date: | July 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.3%
|
| Cusip: | 61768C6M4
|
|
|
|
|
© 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.
