Published on 3/23/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.5 million enhanced buffered jump notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, March 23 – Morgan Stanley Finance LLC priced $2.5 million of 0% enhanced buffered jump securities due March 19, 2020 linked to the worse performing of 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 the 80% downside threshold, the payout at maturity will be par plus the fixed upside payment of 17.9%.
Otherwise, investors will be exposed to any decline of the worse performing index beyond 20%.
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 indexes: | S&P 500, Russell 2000
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Amount: | $2.5 million
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Maturity: | March 19, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 80% downside threshold, par plus 17.9%; otherwise, 1% loss per 1% decline of worse performer beyond 20%
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Initial levels: | 2,378.25 for S&P and 1,391.524 for Russell
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Downside thresholds: | 1,902.60 for S&P and 1,113.219 for Russell
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Pricing date: | March 17
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Settlement date: | March 22
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61766V727
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