Published on 4/10/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $8.84 million capped trigger gears on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., April 10 – Morgan Stanley Finance LLC priced $8.84 million of 0% capped trigger gears due March 31, 2020 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.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum gain of 64.5%.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $8,842,550
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Maturity: | March 31, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus 2 times the index return, up to maximum gain of 64.5%; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
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Initial level: | 3,475.27
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Downside threshold: | 2,432.69, 70% of initial level
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Pricing date: | March 29
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Settlement date: | March 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 61766V602
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