Published on 8/1/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $575,000 accelerated return notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 1 – Morgan Stanley Finance LLC priced $575,000 of 0% accelerated return securities due Feb. 3, 2020 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.
The payout at maturity will be par plus 146.2% of any gain in the index.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Accelerated return securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $575,000
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Maturity: | Feb. 3, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 146.2% of any index gain; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
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Initial level: | 2,978.90
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Trigger level: | 2,234.175, 75% of initial level
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.75%
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Cusip: | 61766BBK6
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