Published on 5/9/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.11 million trigger PLUS tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 9 – Morgan Stanley Finance LLC priced $4.11 million of 0% trigger Performance Leveraged Upside Securities due May 9, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 1.35 times the gain.
If the index falls by up to its 70% trigger level, the payout will be par plus 15%.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $4,109,000
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Maturity: | May 9, 2023
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If index gains, par plus 135% of return; if index falls by up to 30%, par plus 15%; otherwise, 1% loss per 1% decline
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Initial level: | 2,663.42
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Trigger level: | 1,864.394, 70% of initial level
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Pricing date: | May 4
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Settlement date: | May 9
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61768CW86
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