New York, May 22 – Morgan Stanley Finance LLC priced $15 million of 0% accelerated return securities due May 21, 2035 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 166% of the index return.
Investors will receive par if the index declines but ends at or above its 50% trigger level and they will lose 1% for every 1% that the index declines if it finishes below the trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Accelerated return securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $15 million
|
| Maturity: | May 21, 2035
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of index is positive, par plus 166% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Initial level: | 4,109.90
|
| Upside leverage: | 166%
|
| Cap: | None
|
| Trigger level: | 2,054.95, 50% of initial level
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61774X2Y8
|
|
|
|
|
© 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.
