Published on 2/5/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.06 million partial principal at risk notes linked to S&P, Stoxx
By Sarah Lizee
Olympia, Wash., Feb. 5 – Morgan Stanley Finance LLC priced $1.06 million of 0% equity-linked partial principal at risk securities due Jan. 31, 2025 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above its initial level, the payout at maturity will be par plus 120% of the return of the lesser-performing index.
If either index finishes below its initial level, investors will be exposed to the decline of the lesser-performing index, subject to a minimum payout of 95% of par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Equity-linked partial principal at risk securities
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Underlying indexes: | S&P 500 and Euro Stoxx 50
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Amount: | $1,057,000
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Maturity: | Jan. 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus 120% of return of lesser-performing index; if either index finishes below initial level, exposure to decline of lesser-performing index, subject to minimum payout of 95% of par
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Initial values: | 3,276.24 for S&P, 3,719.22 for Stoxx
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61769H6X8
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