Published on 4/30/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $250,000 trigger PLUS on S&P, Russell
By Sarah Lizee
Olympia, Wash., April 30 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger Performance Leveraged Upside Securities due April 30, 2024 linked the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the lesser performing index finishes above its initial level, the payout at maturity will be par plus 130% of the gain.
Investors will receive par if the lesser performing index falls by up to 50% and will be fully exposed to any losses if the lesser performing index finishes below its 50% trigger level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $250,000
|
| Maturity: | April 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 130% of any lesser performing index gain; if lesser performing index falls by up to 50%, par; otherwise, 1% loss per 1% lesser performing index decline
|
| Initial levels: | 1,575.612 for Russell, 2,926.17 for S&P
|
| Trigger levels: | 787.806 for Russell, 1,463.085 for S&P, 50% of initial levels
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 61768D5L5
|
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