Published on 5/31/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $868,000 dual direction trigger PLUS tied to S&P
By Susanna Moon
Chicago, May 31 – Morgan Stanley Finance LLC priced $868,000 of 0% dual directional trigger Performance Leveraged Upside Securities due May 25, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 131.7% of the gain.
If the index falls by up to 30%, the payout will be par plus 50% of the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $15,995,000
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| Maturity: | May 25, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 131.7% of return; if index falls by up to 30%, par plus 50% of absolute return; otherwise, 1% loss per 1% decline
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| Initial level: | 2,724.44
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| Trigger level: | 1,907.108, 70% of initial level
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| Pricing date: | May 22
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| Settlement date: | May 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61768CN86
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