Published on 12/5/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.16 million dual directional buffered PLUS on Dow, Russell
By Sarah Lizee
Olympia, Wash., Dec. 5 – Morgan Stanley Finance LLC priced $1.16 million of 0% dual directional buffered Performance Leveraged Upside Securities due Nov. 27, 2024 linked to the worse performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 119% of the gain of the lesser performing index.
If either index falls but neither falls by more than 20%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will be exposed to any decline in the lesser performing index beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Dual directional buffered Performance Leveraged Upside Securities
|
Underlying indexes: | Dow Jones industrial average, Russell 2000
|
Amount: | $1,155,000
|
Maturity: | Nov. 27, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains, par plus 119% of the lesser-performing index return; if lesser-performing index falls by up to 20%, par plus absolute value of the return of that index; otherwise, exposure to any decline of lesser-performing index beyond 20%
|
Initial levels: | 27,875.62 for Dow, 1,588.943 for Russell
|
Buffer levels: | 22,300.496 for Dow, 1,271.154 for Russell; 80% of initial levels
|
Pricing date: | Nov. 22
|
Settlement date: | Nov. 27
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 4.25%
|
Cusip: | 61769HH81
|
|
© 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.