Published on 8/8/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.3 million PLUS linked to Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 8 – Morgan Stanley Finance LLC priced $7.3 million of 0% Performance Leveraged Upside Securities due Nov. 4, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at par plus 26%. If the index return is negative, investors will be exposed to the decline of the index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $7,296,820
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Maturity: | Nov. 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, capped at par plus 26%; if index return is negative, exposure to decline
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Initial level: | 3,466.85
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 61769Q352
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