Published on 12/26/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 buffered PLUS tied to Euro Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Dec. 26 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due Dec. 27, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.7 times any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond the buffer.
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 Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $500,000
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Maturity: | Dec. 27, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 270% of any index gain; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline beyond 25%
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Initial level: | 3,000.61
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Buffer level: | 2,250.458, 75% of initial level
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.3%
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Cusip: | 61768DTA3
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