Published on 12/27/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1 million of trigger PLUS linked to Dow, Russell
By Devika Patel
Knoxville, Tenn., Dec. 27 – Morgan Stanley Finance LLC priced $1 million of 0% trigger Performance Leveraged Upside Securities due Dec. 27, 2023 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above its initial level, the payout at maturity will be par plus quadruple any gain of the worst performing index, subject to a maximum payout of $1,750 per $1,000 of notes.
If either index falls by up to the 60% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Trigger Performance Leveraged Upside Securities
|
Underlying indexes: | Dow Jones industrial average and Russell 2000
|
Amount: | $1 million
|
Maturity: | Dec. 27, 2023
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If worst-performing index gains, par plus 400% of the return of the worst performing index, capped at 75%; if either index falls by up to 40%, par; otherwise, full exposure to any losses of worst performing index
|
Initial level: | 22,445.37 for Dow, 1,292.086 for Russell
|
Trigger level: | 13,467.222 for Dow, 775.252 for Russell; 60% of initial level
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 27
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 4.125%
|
Cusip: | 61768DRZ0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.