Published on 11/6/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $3.62 million accelerated return notes on Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 6 – Morgan Stanley Finance LLC priced $3.62 million of 0% accelerated return securities due Nov. 3, 2022 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 positive, the payout at maturity will be par plus 169% of the index gain. If the index return is zero or negative but the final index level is greater than or equal to 70% of the initial level, the payout will be par. Otherwise, investors will be exposed to any losses beyond 30%.
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
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Amount: | $3,621,000
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Maturity: | Nov. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus 169% of the gain; if the index finishes flat or falls by no more than 30%, par; otherwise, 1% loss for each 1% decline beyond 30%
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Initial level: | 3,662.18
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Pricing date: | Oct. 30
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Settlement date: | Nov. 2
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.75%
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Cusip: | 61768CSR9
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