Published on 5/9/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4 million enhanced trigger jump notes on three indexes
By Wendy Van Sickle
Columbus, Ohio, May 9 – Morgan Stanley Finance LLC priced $4 million of 0% enhanced trigger jump securities due May 7, 2019 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its 80% downside threshold, the payout at maturity will be par plus the upside payment of 9.5%.
Otherwise, investors will be fully exposed to any losses of the least-performing index.
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 trigger jump securities
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $4 million
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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 each index ends at or above downside threshold, par plus 9.5%; otherwise, par plus return of least-performing index
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Initial levels: | 6,605.5 for Nasdaq, 2,648.05 for S&P, 1,541.844 for Russell
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Downside thresholds: | 5,284.456 for Nasdaq, 2,188.44 for S&P, 1,233.507 for Russell; 80% of initial levels
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Pricing date: | April 30
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Settlement date: | May 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61768CY50
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