Published on 4/3/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $500,000 enhanced buffered jump notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, April 3 – Morgan Stanley Finance LLC priced $500,000 of 0% enhanced buffered jump securities due March 31, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above the 85% downside threshold, the payout at maturity will be par plus the fixed upside payment of 17.5%.
Otherwise, investors will be exposed to any losses 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: | Enhanced buffered jump securities
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Underlying index: | Russell 2000
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Amount: | $500,000
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Maturity: | March 31, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% downside threshold, par plus 17.5%; otherwise, 1% loss per 1% decline beyond 15%
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Initial level: | 1,543.717
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Downside threshold: | 1,312.16, 85% of initial level
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.8%
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Cusip: | 61768CH26
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