Published on 6/26/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.42 million leveraged buffered notes linked to indexes
By Angela McDaniels
Tacoma, Wash., June 26 – Morgan Stanley Finance LLC priced $5.42 million of 0% capped leveraged buffered notes due April 26, 2019 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.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 33.87%. Investors will receive par if the basket declines by 12.5% or less and will lose 1.1429% for every 1% that the basket may decline beyond 12.5%.
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), Tokyo Stock Price (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $5.42 million
|
| Maturity: | April 26, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 150% of basket return, subject to 33.87% maximum return; par if basket declines by 12.5% or less; 1.1429% loss for every 1% that basket may decline beyond 12.5%
|
| Initial index levels: | 3,555.76 for Euro Stoxx 50, 7,439.29 for FTSE 100, 1,610.38 for Tokyo Stock Price, 9,051.27 for Swiss Market and 5,705.952 for S&P/ASX 200
|
| Pricing date: | June 22
|
| Settlement date: | June 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61768CLK1
|
© 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.
