Published on 8/7/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.89 million buffered digital notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 7 – Morgan Stanley Finance LLC priced $4.89 million of 0% buffered digital notes due May 19, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 12.5%, the payout at maturity will be par plus 11.42%. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.
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: | Buffered digital notes
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Underlying index: | S&P 500
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Amount: | $4,888,000
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Maturity: | May 19, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 12.5%, par plus 11.42%; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
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Initial level: | 2,980.38
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Threshold level: | 2,607.8325, or 87.5% of initial level
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Pricing date: | July 31
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Settlement date: | Aug. 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61769HMX0
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