Published on 9/28/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $840,000 contingent buffer notes tied to Stoxx 50
By Susanna Moon
Chicago, Sept. 28 – Morgan Stanley Finance LLC priced $840,000 of 0% contingent buffered equity notes due March 25, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 144% of the gain.
If the index falls by up to the 25% buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Contingent buffered equity notes
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Underlying index: | Euro Stoxx 50
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Amount: | $840,000
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Maturity: | March 25, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 144% of return; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
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Initial level: | 3,430.81
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Knock-out level: | 2,573.108, 75% of initial level
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Pricing date: | Sept. 21
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Settlement date: | Sept. 26
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Agents: | Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1.25%
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Cusip: | 61768DEZ4
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