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Morgan Stanley to price 60- to 63-month digital notes on index basket
By Devika Patel
Knoxville, Tenn., Aug. 18 – Morgan Stanley Finance LLC plans to price 60- to 63-month digital notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The exact maturity date will be set at pricing.
If the basket return is zero or positive, the payout at maturity will be par plus the basket return, subject to a maximum settlement amount that is expected to be between $1,361.30 and $1,424.80 per $1,000 of notes and will be set at pricing. Investors will receive par plus the absolute value of the return if the basket declines by 25% or less and will lose 1% for each 1% decline beyond 25%.
Morgan Stanley is the agent.
The notes (Cusip: 61766BBV2) will price and settle in August.
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