Published on 4/30/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $10.64 million trigger gears on basket of indexes
By Marisa Wong
Morgantown, W.Va., April 30 – Morgan Stanley Finance LLC priced $10.64 million of 0% trigger gears due April 28, 2023 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 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 2.13 times any basket gain.
Investors will receive par if the basket falls by up to 50% and will be fully exposed to any losses if it finishes below its 50% downside threshold.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| 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)
|
| Amount: | $10,643,230
|
| Maturity: | April 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.13 times any basket gain; par if basket falls by up to 50% and full exposure to any losses if basket finishes below 50% downside threshold
|
| Initial index levels: | 3,506.03 for Stoxx, 7,421.43 for FTSE, 22,319.61 for Nikkei, 8,835.03 for Swiss, 5,910.772 for S&P/ASX, 30,007.68 for Hang Seng
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61768P751
|
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