Published on 5/17/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.5 million trigger gears linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 17 – Morgan Stanley Finance LLC priced $1.5 million of 0% trigger gears due May 18, 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 greater than zero, the payout at maturity will be par of $10 plus 1.677 times the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% decline if the index falls by more than 25%.
Morgan Stanley 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: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1.5 million
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Maturity: | May 18, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus 1.677 times index return; par if index declines by 25% or less; full exposure to index’s decline from initial level if index declines by more than 25%
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Initial index level: | 2,956.63
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Downside threshold: | 2,217.47, 75% of initial level
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Pricing date: | May 13
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Settlement date: | May 18
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 3%
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Cusip: | 61766B432
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