Published on 5/4/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8.18 million trigger PLUS linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 4 – Morgan Stanley Finance LLC priced $8.18 million of 0% trigger Performance Leveraged Upside Securities due May 5, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus 190% of any gain in the index.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
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 index: | Euro Stoxx 50
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Amount: | $8,175,690
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Maturity: | May 5, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes above initial level, par plus 190% of index return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, full exposure to decline
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Initial index level: | 3,028.21
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Trigger level: | 1,968.337, 65% of initial level
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Pricing date: | April 29
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Settlement date: | May 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61766B283
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