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Morgan Stanley plans digital notes with 85% threshold tied to indexes
By Susanna Moon
Chicago, Oct. 19 – Morgan Stanley Finance LLC plans to price 0% digital notes due in 24 and 27 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be 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.
If the basket finishes at or above the 85% threshold level, the payout at maturity will be the threshold settlement amount of $1,102.40 and $1,120.40 for each $1,000 of notes. The exact amount will be set at pricing.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Morgan Stanley is the agent.
The Cusip number is 61768CBA4.
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