Published on 6/30/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.33 million trigger gears tied to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., June 30 – Morgan Stanley Finance LLC priced $2.33 million of 0% trigger gears due June 30, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.503 times the index return. Investors will receive par if the index declines by 50% or less and will lose 1% for each 1% decline from its initial level if the index falls beyond 50%.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $2,326,800
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Maturity: | June 30, 2027
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus 2.503 times index return; par if index declines by 50% or less; 1% loss for each 1% decline from initial level if the index falls beyond 50%
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Initial index level: | 3,535.7
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Downside threshold: | 1,767.85, 50% of initial level
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Pricing date: | June 28
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Settlement date: | June 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 5%
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Cusip: | 61766W774
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