Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.1 million accelerated return securities on Euro Stoxx
By Devika Patel
Knoxville, Tenn., March 28 – Morgan Stanley Finance LLC priced $2.1 million of 0% accelerated return securities due Sept. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 157% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Accelerated return securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,103,000
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Maturity: | Sept. 30, 2019
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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 157% of index return; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
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Initial level: | 2,986.73
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Trigger level: | 2,240.048, 75% of initial level
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Pricing date: | March 24
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Settlement date: | March 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.75%
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Cusip: | 61766BAE1
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