Published on 5/17/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $5.3 million capped leverage notes tied to indexes
By Susanna Moon
Chicago, May 17 – Morgan Stanley Finance LLC priced $5.3 million of 0% capped leveraged notes due July 9, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Tokyo Stock Price index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,568.80 per $1,000 principal amount of notes.
Investors will be exposed to any losses.
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: | Capped leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Tokyo Stock Price (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
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Amount: | $5,298,000
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Maturity: | July 9, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at 56.88%; exposure to any losses
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Initial levels: | 3,623.55 for Stoxx, 7,386.63 for FTSE, 1,586.86 for Topix, 9,064.88 for Swiss Market and 5,878.337 for S&P/ASX
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Pricing date: | May 11
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Settlement date: | May 18
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Underwriter: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768CJF5
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