Published on 7/7/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $11.88 million buffered digital notes on Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, July 7 – Morgan Stanley Finance LLC priced $11.88 million of 0% buffered digital notes due July 6, 2020 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 at least negative 10%, the payout at maturity will be the maximum settlement amount of $1,290 per $1,000 principal amount.
If the index return is less than negative 10%, investors will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $11,875,000
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Maturity: | July 6, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is at least negative 10%, the payout at maturity will be $1,290 per $1,000 principal amount; if the index return is less than negative 10%, 1.1111% loss for each 1% decline beyond 10%
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Initial level: | 3,441.88
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Buffer level: | 3,097.692, 90% of initial level
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Pricing date: | June 30
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Settlement date: | July 10
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Agent: | Morgan Stanley
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Fees: | 2.6%
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Cusip: | 61768CLD7
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