Published on 7/24/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $11.89 million leveraged notes on index basket
By Sarah Lizee
Olympia, Wash., July 24 – Morgan Stanley Finance LLC priced $11.89 million of 0% leveraged notes due July 22, 2020 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 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.
The notes are guaranteed by Morgan Stanley.
If the basket return is greater than the initial level, the payout at maturity will be par plus 278.5% of the return.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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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), Tokyo Stock Price (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $11,892,000
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Maturity: | July 22, 2020
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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 the initial level, par plus 278.5% of the return; full exposure to any losses
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Initial index levels: | 3,460.03 for Euro Stoxx 50, 7,678.79 for FTSE 100; 1,744.98 for Tokyo Stock Price; 8,991.34 for Swiss Market; 6,285.851 for S&P/ASX 200
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Pricing date: | July 20
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Settlement date: | July 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61768DAA3
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