Published on 1/23/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.64 million buffered PLUS linked to S&P 500
By Sarah Lizee
Olympia, Wash., Jan. 23 – Morgan Stanley Finance LLC priced $1.64 million of 0% buffered Performance Leveraged Upside Securities due Jan. 23, 2024 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 115% of the index return.
Investors will receive par if the index declines by up to 45% and will lose 1% for every 1% that it declines beyond 45%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,643,000
|
| Maturity: | Jan. 23, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 115% of the index return; par if index drops up to 45%; 1% loss for every 1% decline beyond 45%
|
| Initial level: | 2,670.71
|
| Buffer level: | 1,468.891, 55% of initial level
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61768DYZ2
|
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