Published on 10/23/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.56 million capped leveraged notes on index basket
By Sarah Lizee
Olympia, Wash., Oct. 23 – Morgan Stanley Finance LLC priced $2.56 million of 0% capped leveraged notes due July 14, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 300% of any basket gain, capped at $1,618 per $1,000 principal amount.
Investors will be fully exposed to any decline in the basket.
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 basket: | Euro Stoxx 50 (36% weight), Tokyo Stock Price (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
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Amount: | $2,561,000
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Maturity: | July 14, 2021
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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 $1,618 per $1,000 principal amount; full exposure to any decline in basket
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Initial levels: | 3,579.41 for Stoxx, 1,621.99 for Topix, 7,150.57 for FTSE, 9,965.49 for Swiss and 6,649.684 for S&P/ASX
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Pricing date: | Oct. 18
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Settlement date: | Oct. 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61769HZH1
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