Published on 4/5/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.56 million capped trigger gears on index basket
By Sarah Lizee
Olympia, Wash., April 5 – Morgan Stanley Finance LLC priced $5.56 million of 0% capped trigger gears due April 7, 2022 linked to an unequally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the S&P 500 index with a 40% weight, the MSCI EAFE index with a 30% weight, the S&P Midcap 400 index with a 20% weight and the MSCI Emerging Markets index with a 10% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus two times the basket return, capped at par plus 30%.
Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Capped trigger gears
|
Underlying basket: | S&P 500 (40% weight), MSCI EAFE (30% weight), S&P Midcap 400 (20% weight), MSCI Emerging Markets (10% weight)
|
Amount: | $5.56 million
|
Maturity: | April 7, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any basket gain, capped at par plus 30%; par if basket declines by 25% or less; full exposure to basket’s decline from its initial level if it declines by more than 25%
|
Initial levels: | 2,873.40 for S&P 500, 1,916.71 for EAFE, 1,924.65 for Midcap, 1,079.80 for EM
|
Pricing date: | April 3
|
Settlement date: | April 8
|
Underwriter: | Morgan Stanley & Co. LLC, UBS Financial Services Inc.
|
Fees: | 2.5%
|
Cusip: | 61768X846
|
© 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.