Published on 4/2/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $500,000 of market-linked notes linked to S&P 500
By Devika Patel
Knoxville, Tenn., April 2 – Morgan Stanley Finance LLC priced $500,000 of 0% market-linked notes due March 3, 2026 linked to the S&P 500 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 any index gain, up to a maximum payout of 90%.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying index: | S&P 500
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Amount: | $500,000
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Maturity: | March 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus any gain, up to a maximum payout of 90%; otherwise, par
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Initial level: | 2,779.60
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Pricing date: | Feb. 26
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Settlement date: | Feb. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61768CB89
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