Published on 9/13/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.24 million partial principal at risk notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., Sept. 13 – Morgan Stanley Finance LLC priced $1.24 million of 0% partial principal at risk securities due March 15, 2023 tied to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain, capped at par plus 21%.
If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of $950 per $1,000 note.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Partial principal at risk securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,235,000
|
| Maturity: | March 15, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any index gain, capped at par plus 21%; if index falls, par plus the index return subject to minimum payout of $950 per note
|
| Initial index level: | 2,979.39
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 13
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61769HUJ2
|
© 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.
