Published on 3/6/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $252,000 equity-linked partial principal at risk securities on S&P, Stoxx
By Wendy Van Sickle
Columbus, Ohio, March 6 – Morgan Stanley Finance LLC priced $252,000 of 0% equity-linked partial principal at risk securities due March 4, 2024 linked to the least performing of the Euro Stoxx 50 index and the S&P 500 index according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 135% of any gain of the least performing index.
If the least performing index finishes flat or falls, investors will receive par plus the least performing index return, subject to a minimum return of $950 per $1,000 of notes.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Equity-linked partial principal at risk securities
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Underlying indexes: | S&P 500 and Euro Stoxx 50
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Amount: | $252,000
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Maturity: | March 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 135% of any gain of least performing index; par plus least-performing index return, subject to minimum payout of 95% of par if index finishes flat or falls
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Initial values: | 3,329.49 for Stoxx, 2,954.22 for S&P
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61770FGS9
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