Published on 3/24/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $21.81 million buffered digital notes linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, March 24 – Morgan Stanley Finance LLC priced $21.81 million of 0% buffered digital notes due Sept. 27, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than or equal to negative 10%, the payout at maturity will be par plus the fixed return of 10.86%. If the index return is less than negative 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered digital notes
|
Underlying index: | Russell 2000
|
Amount: | $21,805,000
|
Maturity: | Sept. 27, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 10%, $1,108.60 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
|
Initial index level: | 1,345.598
|
Pricing date: | March 22
|
Settlement date: | March 29
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 1.67%
|
Cusip: | 61768CGL5
|
|
© 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.