Published on 1/15/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $17.24 million of leveraged buffered notes on S&P
By Sarah Lizee
Olympia, Wash., Jan. 15 – Morgan Stanley Finance LLC priced $17.24 million of 0% leveraged buffered notes due April 18, 2022 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 150% of the index return, subject to a maximum settlement amount of $1,237.75 per $1,000 of notes. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that the index declines beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Leveraged buffered notes
|
Underlying index: | S&P 500
|
Amount: | $17.24 million
|
Maturity: | April 18, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 150% of index gain, capped at $1,237.75 per $1,000 of notes; par if index falls by up to 12.5%; 1.1429% loss for every 1% drop beyond 12.5%
|
Initial level: | 3,288.13
|
Buffer level: | 2,877.11375, 87.5% of initial level
|
Pricing date: | Jan. 13
|
Settlement date: | Jan. 21
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | None
|
Cusip: | 61770FCG9
|
|
© 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.