Published on 3/6/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $281,000 trigger PLUS linked to Stoxx, ETF
By Wendy Van Sickle
Columbus, Ohio, March 6 – Morgan Stanley Finance LLC priced $281,000 of 0% trigger Performance Leveraged Upside Securities due March 5, 2025 linked to the worst performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each asset finishes above its initial level, the payout at maturity will be par plus 270% of any gain of the worst performing asset.
If either asset falls but each remains at or above the 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing asset.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $281,000
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Maturity: | March 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst-performing asset gains, par plus 270% of the return of the worst performing asset,; if either asset falls by up to trigger level, par; otherwise, full exposure to any losses of worst performing asset
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Initial level: | $62.24 for ETF, 3,329.49 for index
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Trigger level: | $31.12 for ETF, 1,1664.745 for index; 50% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.625%
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Cusip: | 61770FHC3
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