Published on 7/27/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.1 million capped leveraged buffered notes on index basket
By Wendy Van Sickle
Columbus, Ohio, July 27 – Morgan Stanley Finance LLC priced $6.1 million of 0% capped leveraged buffered notes due July 30, 2018 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 consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,277.50 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged buffered notes
|
| Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $6.1 million
|
| Maturity: | July 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 150% of return, subject to maximum settlement amount of $1,277.50 per $1,000 principal amount; par if basket declines by 10% or less; 1.1111% loss for every 1% that basket declines beyond 10%
|
| Initial levels: | 2,973.22 for Euro Stoxx 50; 6,710.13 for FTSE 100; 1,325.36 for Topix: 8,194.41 for Swiss Market and 5,533.563 for S&P/ASX 200
|
| Buffer level: | 90% of initial level
|
| Pricing date: | July 25
|
| Settlement date: | Aug. 1
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61766BBP5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
