Published on 4/5/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.74 million notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 5 – Morgan Stanley Finance LLC priced $2.74 million of 0% market-linked notes due Oct. 4, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $10.00 plus the index return, subject to a minimum payout of par and a maximum payout of $18.50 per note.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,740,300
|
| Maturity: | Oct. 4, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus index return, subject to minimum payout of par and maximum payout of $18.50 per note
|
| Initial index level: | 2,059.74
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61766B135
|
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