Published on 11/20/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $904,000 leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 20 – Morgan Stanley Finance LLC priced $904,000 of 0% leveraged buffered notes due June 27, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 130% of the gain, subject to a maximum settlement amount of $1,187.85 per $1,000 principal amount. Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% that the index may decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $904,000
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Maturity: | June 27, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 130% of index return, subject to 18.785% maximum return; par if index declines by up to 10%; 1.1111% loss for every 1% that index may decline beyond 10%
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Initial index level: | 2,585.64
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Pricing date: | Nov. 16
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Settlement date: | Nov. 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768CTZ0
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