Published on 9/17/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.64 million market-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 17 – Morgan Stanley priced $2.64 million of 0% market-linked notes due March 20, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 80%.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,635,000
|
| Maturity: | March 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 80%; floor of par
|
| Initial index level: | 1,978.09
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61765R271
|
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