By William Gullotti
Buffalo, N.Y., Nov. 21 – Morgan Stanley Finance LLC priced $3.8 million of 0% buffer gears due Nov. 21, 2030 linked to the MSCI Emerging Markets 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 plus 1.4 times any index gain.
Investors will receive par if the index declines by up to 25% and will lose 1% for every 1% decline of the index beyond 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffer gears
|
Underlying index: | MSCI Emerging Markets index
|
Amount: | $3.8 million
|
Maturity: | Nov. 21, 2030
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.4 times any index gain; par if index declines by 25% or less; otherwise, lose 1% for every 1% decline beyond 25%
|
Initial level: | 982.25
|
Downside threshold: | 736.69; 75% of initial level
|
Pricing date: | Nov. 16
|
Settlement date: | Nov. 21
|
Agent: | Morgan Stanley & Co. LLC
|
Dealer: | UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 61775K423
|
|
© 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.