Published on 4/19/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $16.11 million trigger jump notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 19 – Morgan Stanley Finance LLC priced $16.11 million of 0% trigger jump securities due May 3, 2019 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 zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and 27.1%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline from the initial level if the index declines by more than 10%.
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 jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $16,110,390
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Maturity: | May 3, 2019
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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 zero or positive, par plus greater of index return and 27.1%; par if index falls by up to 10%; 1% loss for each 1% decline from initial level if index falls by more than 10%
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Initial index level: | 3,448.26
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Downside threshold: | 3,103.434, 90% of initial index level
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Pricing date: | April 13
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Settlement date: | April 20
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Underwriter: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61766V875
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