Published on 12/8/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $9.83 million trigger gears tied to index basket
By Susanna Moon
Chicago, Dec. 8 – Morgan Stanley Finance LLC priced $9.83 million of 0% trigger gears due Nov. 30, 2022 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 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 2.47 times any basket gain.
Investors will receive par if the basket falls by up to 20% and will be fully exposed to any losses if it finishes below its 80% trigger level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
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| Amount: | $9,833,010
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 247% of any basket gain; par if basket declines by 20% or less; if basket finishes below trigger, 1% loss per 1% decline
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| Initial levels: | 3,583.49 for Stoxx, 7,460.65 for FTSE, 22,486.24 for Nikkei, 9,320.44 for Swiss Market, 5,984.25 for S&P/ASX and 29,680.85 for Hang Seng
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| Downside thresholds: | 80% of initial levels
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
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| Fees: | 3.5%
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| Cusip: | 61768K190
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