New Issue: Morgan Stanley prices $2.58 million market plus notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 23 – Morgan Stanley Finance LLC priced $2.58 million of 0% market plus notes due Nov. 23, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 132.7% of the index gain.

Investors will receive par if the index declines up to 20% and will be fully exposed to loss of the index if it finishes below the 80% knock-out level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are acting as placement agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market plus notes
Underlying index:	S&P 500 index
Amount:	$2,575,000
Maturity:	Nov. 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes gains, par plus 132.7% of the index gain; if the index finishes flat or declines by no more than 20%, par; otherwise, full exposure to index decline from initial level.
Initial level:	3,965.34
Knock-out level:	3,172.272; 80% of initial level
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agent:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	3%
Cusip:	61774H2X5

© 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.