Published on 1/28/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $580,000 market plus notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 28 – Morgan Stanley Finance LLC priced $580,000 of 0% market plus notes due July 22, 2020 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 finishes at or above its 79.5% knock-out level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 0%.
Otherwise, the payout will be par plus the index return, with full exposure to any losses.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Market plus notes
|
Underlying index: | S&P 500
|
Amount: | $580,000
|
Maturity: | July 22, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, finishes flat or falls by up to 20.5%, par plus index return, subject to floor of par; otherwise, 1% loss per 1% decline
|
Initial index level: | 2,670.71
|
Knock-out level: | 2,123.214, 79.5% of initial level
|
Final level: | Average of closing levels on five trading days ending July 17, 2020
|
Pricing date: | Jan. 18
|
Settlement date: | Jan. 24
|
Agent: | Morgan Stanley & Co. LLC
|
Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1.25%
|
Cusip: | 61768DZL2
|
© 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.