Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.41 million PLUS on iShares MSCI EM ETF
Chicago, Feb. 12 – Morgan Stanley Finance LLC priced $3.41 million of 0% Performance Leveraged Upside Securities due May 5, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the ETF return is positive, the payout at maturity will be par plus triple the ETF return, subject to a maximum return of 14.4%. Investors will 1% for every 1% that the ETF declines.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | iShares MSCI Emerging Markets ETF
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Amount: | $3,412,950
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Maturity: | May 5, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If ETF return is positive, par plus 300% of ETF return, subject to a maximum return of 14.4%; otherwise full exposure to decline
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Initial share price: | $42.11
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61770E752
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