Published on 4/29/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.49 million trigger gears linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 29 – Morgan Stanley Finance LLC priced $1.49 million of 0% trigger gears due April 30, 2026 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 greater than zero, the payout at maturity will be par of $10 plus 2.145 times the index return. Investors will receive par if the index declines by 35% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 35%.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $1,486,600
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus 2.145 times index return; par if index declines by 35% or less; full exposure to index’s decline from initial level if index declines by more than 35%
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Initial index level: | 3,130.43
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Downside threshold: | 2,034.78, 65% of initial level
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Pricing date: | April 27
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Settlement date: | April 29
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 5%Cusip: | 61766B218
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