Published on 7/31/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.5 million capped buffered gears linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 31 – Morgan Stanley Finance LLC priced $1.5 million of 0% capped buffered gears due July 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B8 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 41%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that it may decline beyond 10%.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped buffered gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1.5 million
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Maturity: | July 31, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, up to 41% maximum return; par if index falls by up to 10%; 1% loss for every 1% that index may decline beyond 10%
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Initial index level: | 3,493.14
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Downside threshold: | 3,143.83, 90% of initial level
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Pricing date: | July 27
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Settlement date: | July 31
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Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 61766X319
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