Published on 10/16/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.58 million trigger jump notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 16 – Morgan Stanley Finance LLC priced $2.58 million of 0% trigger jump securities due Nov. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the upside payment of 25.75%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,575,400
|
| Maturity: | Nov. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus greater of return and 25.75%; if index falls by up to 10%, par; otherwise, 1% loss per 1% index decline
|
| Initial level: | 3,605.54
|
| Downside threshold: | 3,244.986, 90% of initial level
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61768J508
|
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