Published on 7/1/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.63 million trigger gears tied to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 1 – Morgan Stanley Finance LLC priced $1.63 million of 0% trigger gears due June 30, 2021 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 1.8 times the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline if the index falls beyond 25%.
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: | $1,633,200
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Maturity: | June 30, 2021
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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 1.8 times index return; par if index declines by 25% or less; 1% loss for each 1% decline if the index falls beyond 25%
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Initial index level: | 2,758.67
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Downside threshold: | 2,069, 75% of initial level
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Pricing date: | June 28
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Settlement date: | June 30
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 61766B531
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