Published on 2/5/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $10.59 million market-linked notes on index basket
By Marisa Wong
Morgantown, W.Va., Feb. 5 – Morgan Stanley Finance LLC priced $10.59 million of 0% market-linked notes due July 31, 2023 linked to a weighted basket of six 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 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 plus 121% of any basket gain. If the basket falls, the payout will be par.
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: | Market-linked notes
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Underlying basket: | Euro Stoxx 50 index with a 40% weight, FTSE 100 index with a 20% weight, Nikkei 225 index with a 20% weight, Swiss Market index with a 7.5% weight, S&P/ASX 200 index with a 7.5% weight and Hang Seng index with a 5% weight
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Amount: | $10.59 million
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Maturity: | July 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.21 times any basket gain; par if basket declines
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Initial levels: | 3,643.04 for Euro Stoxx, 7,671.53 for FTSE, 23,629.34 for Nikkei, 9,457.27 for Swiss Market, 6,075.409 for S&P/ASX, 32,966.89 for Hang Seng
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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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: | 61768CXJ1
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