E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/8/2017 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $10 million fixed-income buffered notes linked to Stoxx

By Wendy Van Sickle

Columbus, Ohio, Aug. 8 – Morgan Stanley Finance LLC priced $10 million of 4.5% fixed-income buffered securities due Aug. 9, 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.

Interest is payable semiannually

If the index return is greater than or equal to negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Fixed-income buffered securities
Underlying index:Euro Stoxx 50
Amount:$9,998,000
Maturity:Aug. 9, 2019
Coupon:4.5%, payable semiannually
Price:Par
Payout at maturity:If index return is greater than or equal to negative 20%, par; otherwise, 1.25% loss for every 1% that index declines beyond 20%
Initial index level:3,507.41
Buffer level:2,805.928, 80% of initial index level
Pricing date:Aug. 4
Settlement date:Aug. 9
Underwriters:Morgan Stanley & Co. LLC
Fees:None
Cusip:61768CMS3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.