Published on 7/15/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $5.35 million capped leveraged notes on index basket
By Wendy Van Sickle
Columbus, Ohio, July 15 – Morgan Stanley Finance LLC priced $5.35 million of 0% capped leveraged notes due March 17, 2021 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 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 300% of any basket gain, capped at $1,579 per $1,000 principal amount.
Investors will be fully exposed to any decline in the basket.
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 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
|
Amount: | $5,354,000
|
Maturity: | March 17, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any basket gain, capped at $1,579 per $1,000 principal amount; full exposure to any decline in basket
|
Initial levels: | 3,496.73 for Stoxx, 1,578.63 for Topix, 7,509.82 for FTSE, 9,879.53 for Swiss and 6,716.139 for S&P/ASX
|
Pricing date: | July 11
|
Settlement date: | July 18
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0%
|
Cusip: | 61769HKY0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.