New Issue: Morgan Stanley sells $1.28 million digital index-linked notes on Russell

By Kiku Steinfeld

Chicago, March 7 – Morgan Stanley Finance LLC priced $1.28 million of 0% digital notes due Sept. 21, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the final index level is greater than or equal to 80% of the initial level, the payout at maturity will be $1,040.30 per $1,000 of notes.

Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Digital notes
Underlying index:	Russell 2000
Amount:	$1,283,000
Maturity:	Sept. 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to 80% of the initial level, $1,040.30 per $1,000 of notes; 1.25% loss for every 1% that the index declines beyond 20%
Initial index level:	2,240.784
Buffer level:	1,792.6272, 80% of initial level
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Agent:	Morgan Stanley & Co. LLC
Fees:	1%
Cusip:	61773FB44

© 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.