Published on 11/29/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $650,000 leveraged basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – Morgan Stanley Finance LLC priced $650,000 of 0% leveraged notes due Nov. 26, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix 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 notes are guaranteed by Morgan Stanley.
If the basket return is greater than 103.65% of the initial level, the payout at maturity will be the sum of (i) the product of (a) $1,000 times (b) the quotient of the threshold basket level divided by the initial basket level plus (ii) the product of (a) $1,000 times (b) the threshold participation rate of 300% times (c) the threshold basket return.
If the basket return is positive, but less than 103.65% of the initial level, the payout will be par plus the gain.
Investors will share in any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Leveraged notes
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| 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)
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| Amount: | $650,000
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| Maturity: | Nov. 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is greater than 103.65% of initial level, the payout will be sum of (i) the product of (a) $1,000 times (b) the quotient of the threshold basket level divided by the initial basket level plus (ii) the product of (a) $1,000 times (b) the threshold participation rate of 300% times (c) the threshold basket return; if basket return is positive, but less than 103.65% of the initial level, payout will be par plus the gain; exposure to losses
|
| Initial index levels: | 3,579.32 for Euro Stoxx 50, 7,411.34 for FTSE 100; 1,771.31 for Topix; 9,324.53 for Swiss Market; 5,963.521 for S&P/ASX 200
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61768CUD7
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