Published on 4/3/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.45 million leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Dec. 5 – Morgan Stanley Finance LLC priced $3.45 million of 0% leveraged buffered notes due May 7, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 160% of the gain, subject to a maximum settlement amount of $1,243.20 per $1,000 principal amount. Investors will receive par if the index declines by up to 15% and will lose 1.1765% for every 1% that the index may decline beyond 15%.
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 buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $3,448,000
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Maturity: | May 7, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 160% of index return, subject to 24.32% maximum return; par if index declines by up to 15%; 1.1765% loss for every 1% that index may decline beyond 15%
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Initial index level: | 1,802.11
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Pricing date: | March 30
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Settlement date: | April 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768CGR2
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