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Morgan Stanley to price capped leveraged notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 23 – Morgan Stanley plans to price 0% capped leveraged notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date is expected to fall between July 2019 and November 2019 and will be set at pricing.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount that is expected to be $1,645 to $1,750 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the index’s decline.
Morgan Stanley & Co. LLC is the agent.
The notes will price in June and settle in July.
The Cusip number is 61761JZW2.
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