Published on 11/3/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.38 million buffered PLUS linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – Morgan Stanley Finance LLC priced $4.38 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 1.6 times any index gain, up to a maximum return of 85%.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,383,150
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Maturity: | Nov. 3, 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 positive, par plus two times the index return, subject to 85% maximum return; par if index declines by 30% or less; 1% loss for every 1% that index declines beyond 30%
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Initial level: | 3,055.25
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Buffer level: | 2,138.675, 70% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61766F276
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