By Marisa Wong
Morgantown, W.Va., July 26 – Morgan Stanley Finance LLC priced $6.09 million 0% capped gears due Oct. 25, 2018 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the SPDR S&P 500 ETF Trust with a 37% initial weight, the iShares Russell 2000 ETF with an 18% initial weight, the iShares MSCI EAFE ETF with an 18% initial weight, the iShares MSCI Emerging Markets ETF with a 12% initial weight and the SPDR Euro Stoxx 50 ETF with an 15% initial weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 13.6%.
Investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped gears
|
| Underlying basket: | SPDR S&P 500 ETF Trust with a 37% initial weight, iShares Russell 2000 ETF with a 18% initial weight, iShares MSCI EAFE ETF with a 18% initial weight, iShares MSCI Emerging Markets ETF with a 12% initial weight and SPDR Euro Stoxx 50 ETF with an 15% initial weight
|
| Amount: | $6,089,000
|
| Maturity: | Oct. 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any basket gain, up to a maximum return of 13.6%; 1% loss for each 1% decline
|
| Initial price: | $246.88 for SPDR S&P, $142.55 for iShares Russell, $66.55 for iShares EAFE, $43.63 for iShares EM, $39.33 for SPDR Euro Stoxx
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 61766X368
|
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