Published on 5/15/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.05 million enhanced trigger jump securities on Amazon, Netflix
By Wendy Van Sickle
Columbus, Ohio, May 15 – Morgan Stanley Finance LLC priced $3.05 million of 0% enhanced trigger jump securities due May 13, 2020 linked to the least performing of the common stocks of Amazon.com, Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each index stock at or above its 75% downside threshold, the payout at maturity will be par plus the upside payment of 41.35%.
Otherwise, investors will be fully exposed to any losses of the worse performing stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Enhanced trigger jump securities
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Underlying stocks: | Amazon.com, Inc. and Netflix, Inc.
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Amount: | $3.05 million
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Maturity: | May 13, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock ends at or above downside threshold, par plus 41.35%; otherwise, par plus return of worst performing stock
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Initial levels: | $1,592.39 for Amazon, $326.89 for Netflix
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Downside thresholds: | $1,194.293 for Amazon, $245.168 for Netflix; 75% of initial levels
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Pricing date: | May 8
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Settlement date: | May 11
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61768Q353
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