Published on 12/18/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.07 million accelerated return securities on S&P
By Sarah Lizee
Olympia, Wash., Dec. 18 – Morgan Stanley Finance LLC priced $2.07 million of 0% accelerated return securities due Dec. 19, 2023 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 123% of the index return. Investors will receive par if the index falls by 20% or less and will lose 1% for each 1% decline beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Accelerated return securities
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Underlying index: | S&P 500
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Amount: | $2,074,000
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Maturity: | Dec. 19, 2023
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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 123% of index return; par if index falls by 20% or less; exposure to losses beyond 20%
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Initial level: | 2,599.95
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Buffer level: | 2,079.96, 80% of initial level
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Pricing date: | Dec. 14
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Settlement date: | Dec. 19
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61768DTR6
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