Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 buffered PLUS on Stoxx
Chicago, Feb. 12 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due Feb. 7, 2025 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, subject to a maximum return of $2,280 per $1,000 principal amount of notes. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $500,000
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Maturity: | Feb. 7, 2025
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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, subject to maximum payout of $2,280 per $1,000 principal amount of notes; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
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Initial level: | 3,640.91
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Buffer level: | 80% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61770FFK7
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