Published on 1/24/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.19 million leveraged buffered notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 24 – Morgan Stanley Finance LLC priced $7.19 million of 0% leveraged buffered notes due March 2, 2021 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 double the index return, subject to a maximum settlement amount of $1,230.20 per $1,000 of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $7.19 million
|
Maturity: | March 2, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus double index gain, capped at $1,230.20 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
Initial level: | 2,670.71
|
Buffer level: | 2,403.639, 90% of initial level
|
Pricing date: | Jan. 18
|
Settlement date: | Jan. 28
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2%
|
Cusip: | 61768DZJ7
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.