Published on 7/24/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.49 million PLUS linked to S&P 500
By Sarah Lizee
Olympia, Wash., July 24 – Morgan Stanley Finance LLC priced $2.49 million of 0% Performance Leveraged Upside Securities due July 26, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 120% of the index return. If the index return is negative, investors will be exposed to the decline of the index, subject to a minimum payout of 50% of par.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $2,491,000
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Maturity: | July 26, 2024
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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 120% of index return; if index return is negative, exposure to decline, subject to a minimum payout of 50% of par
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Initial level: | 2,976.61
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Pricing date: | July 19
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Settlement date: | July 26
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61769HHU2
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