Published on 3/29/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $7.45 million leveraged buffered notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., March 29 – Morgan Stanley Finance LLC priced $7.45 million of 0% leveraged buffered notes due Sept. 26, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,313.95 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $7,445,000
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Maturity: | Sept. 26, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 31.395%; par if index declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial level: | 3,429.62
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Buffer level: | 3,086.658, 90% of initial level
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Pricing date: | March 21
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Settlement date: | March 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.67%
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Cusip: | 61768CGG6
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