Published on 12/2/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.71 million accelerated return notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Dec. 2 – Morgan Stanley Finance LLC priced $4.71 million of 0% accelerated return securities due May 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 181% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Accelerated return securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,705,000
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Maturity: | May 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 181% of any index gain; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
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Initial index level: | 3,032.14
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Trigger level: | 2,274.105, 75% of initial level
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Pricing date: | Nov. 23
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Settlement date: | Nov. 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.75%
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Cusip: | 61768CBG1
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