Published on 7/26/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.76 million capped leveraged notes on index basket
By Sarah Lizee
Olympia, Wash., July 26 – Morgan Stanley Finance LLC priced $1.76 million of 0% capped leveraged notes due May 27, 2020 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 includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 310% of any basket gain, capped at $1,930.93 per $1,000 principal amount.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged notes
|
| Underlying basket: | Euro Stoxx 50 (36% weight), Tokyo Stock Price (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $1,759,000
|
| Maturity: | May 27, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 310% of any basket gain, capped at $1,930.93 per $1,000 principal amount; exposure to losses
|
| Initial levels: | 3,483.31 for Euro Stoxx, 1,746.86 for Tokyo Stock Price, 7,709.05 for FTSE, 9,005.58 for Swiss Market and 6,265.842 for S&P/ASX
|
| Pricing date: | July 24
|
| Settlement date: | July 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61768DAE5
|
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