Published on 3/26/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $5.46 million buffered PLUS on ETF, index basket
By Marisa Wong
Morgantown, W.Va., March 26 – Morgan Stanley Finance LLC priced $5.46 million of 0% buffered Performance Leveraged Upside Securities due March 21, 2022 linked to a basket of four indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the S&P 500 index with a 70% weight, MSCI EAFE index with a 15% weight, S&P MidCap 400 index with an 8% weight, Russell 2000 index with a 3% weight and iShares MSCI Emerging Markets ETF with a 4% weight.
The payout at maturity will be par plus 123.3% of any basket gain.
If the basket finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1.3333% for every 1% decline beyond 25%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Basket components: | S&P 500 index with a 70% weight, MSCI EAFE index with a 15% weight, S&P MidCap 400 index with an 8% weight, Russell 2000 index with a 3% weight and iShares MSCI Emerging Markets ETF with a 4% weight
|
| Amount: | $5,459,000
|
| Maturity: | March 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 123.3% of any basket gain; par if basket finishes flat or falls by up to 25%; otherwise, 1.3333% for every 1% decline beyond 25%
|
| Initial component values: | 2,752.01 for S&P, 2,043.58 for EAFE, 1,935.65 for MidCap, 1,586.048 for Russell, $49.21 for EM ETF
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61768CL39
|
|
|
© 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.
