Published on 3/21/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.32 million capped leveraged buffered notes on index basket
By Wendy Van Sickle
Columbus, Ohio, March 21 – Morgan Stanley Finance LLC priced $3.32 million of 0% capped leveraged buffered notes due March 11, 2019 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 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 160% of any basket gain, subject to a maximum settlement amount of $1,500.80 per $1,000 of notes.
Investors will receive par if the basket declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged buffered notes
|
| 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)
|
| Amount: | $3,319,000
|
| Maturity: | March 11, 2019
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 160% of any basket gain, capped at 50.08%; par if basket falls by up to 12.5%; 1.1429% loss for every 1% drop beyond 12.5%
|
| Initial levels: | 3,448.41 for Euro Stoxx, 7,424.96 for FTSE, 1,565.85 for Topix, 8,698.53 for Swiss Market and 5,799.646 for S&P/ASX
|
| Pricing date: | March 17
|
| Settlement date: | March 24
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61768CGF8
|
|
|
© 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.
