Published on 5/15/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $3.79 million market-linked notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., May 15 – Morgan Stanley Finance LLC priced $3.79 million of 0% market-linked notes due Nov. 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus any index gain, up to a maximum payment of $15.92 per note.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,785,450
|
| Maturity: | Nov. 3, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, up to a maximum payment of $15.92 per note; if the index falls, par
|
| Initial level: | 2,384.20
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61766V867
|
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