Published on 5/25/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.98 million enhanced trigger jump notes on Stoxx, Russell
By Susanna Moon
Chicago, May 24 – Morgan Stanley Finance LLC priced $3.98 million of 0% enhanced trigger jump securities due Nov. 23, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% downside threshold, the payout at maturity will be par of $10 plus the greater 38.7% and any gain of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index
The notes are guaranteed by Morgan Stanley.
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: | Euro Stoxx 50 and Russell 2000
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Amount: | $8,598,000
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Maturity: | Nov. 23, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 30%, par plus greater of 38.7% and any gain of the worse performing index; 1% loss for each 1% decline of the worse performing index
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Initial levels: | 3,573.76 for Stoxx, 1,626.629 for Russell
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Downside thresholds: | 2,501.632 for Stoxx, 1,138.64 for Russell, 70% of initial levels
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Pricing date: | May 18
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Settlement date: | May 23
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 61768Q379
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