Published on 5/5/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.65 million enhanced trigger jump securities on index, ETF’s
By Wendy Van Sickle
Columbus, Ohio, May 5 – Morgan Stanley Finance LLC priced $3.65 million of 0% enhanced trigger jump securities due May 1, 2020 linked to the worst performing of the Euro Stoxx 50 index, the iShares MSCI EAFE ETF and the iShares Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each asset closes above 110% of its initial level, the payout at maturity will be par plus 10%, plus 333.29% of the appreciation of the least performing asset above 110%.
If the least-performing asset closes below 110% of its initial level but above 70% of its initial value, the payout will be par plus 10%.
If the least performing asset falls by more than 30%, investors will have full exposure to its decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Enhanced trigger jump securities
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF and iShares Emerging Markets ETF
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| Amount: | $3,653,000
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| Maturity: | May 1, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If least performing asset finishes above 110% of initial level, par plus 10% plus 333.29% of least performing asset beyond 10%; if least performing asset finishes between 70% and 110% of initial level, par plus 10%; otherwise, full exposure to decline of least performing asset
|
| Initial levels: | 3,583.16 for index, $63.99 for MSCI EAFE, $40.20 for MSCI Emerging Markets
|
| Downside thresholds: | 2,508.212 for index, $44.793 for MSCI EAFE, $28.14 for MSCI Emerging Markets; 70% of initial levels
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| Upside thresholds: | 3,941.476 for index, $70.389 for MSCI EAFE, $44.22 for MSCI Emerging Markets; 110% of initial levels
|
| Pricing date: | April 26
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| Settlement date: | May 1
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61768CHU4
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