Published on 5/5/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $82.1 million leveraged notes on index basket
By Marisa Wong
Los Angeles, May 5 – Morgan Stanley Finance LLC priced $82.1 million of 0% leveraged notes due Nov. 2, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 136.25% of any basket gain. Investors will be fully exposed to any basket decline.
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 notes
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Underlying basket: | Euro Stoxx 50 index (36% weight), Tokyo Stock Price index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $82.1 million
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Maturity: | Nov. 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 136.25% of any basket gain; full exposure to losses
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Initial levels: | 3,974.74 for Euro Stoxx, 1,898.24 for Topix, 6,969.81 for FTSE, 11,022.34 for Swiss Market and 7,025.817 for S&P/ASX
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Pricing date: | April 30
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Settlement date: | May 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.51%
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Cusip: | 61771VA75
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