Published on 6/19/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.8 million market-linked notes tied to indexes
By Susanna Moon
Chicago, June 19 – Morgan Stanley Finance LLC priced $2.8 million of 0% market-linked notes due Dec. 5, 2023 linked to a basket consisting of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, equally weighted, 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 of $10 plus any basket gain, up to a maximum payment of $17.00 per note.
If the basket falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying index: | S&P 500, Euro Stoxx 50, Russell 2000, equally weighted
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Amount: | $2,799,930
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Maturity: | Dec. 5, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any basket gain, capped at 70%, floor of par
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Initial levels: | 2,411.80 for S&P, 1,370.208 for Russell, 3,554.59 for Stoxx
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61766W352
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