Published on 9/5/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.17 million trigger PLUS tied to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 5 – Morgan Stanley Finance LLC priced $1.17 million of 0% trigger Performance Leveraged Upside Securities due Aug. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 180% of any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
The notes are guaranteed by Morgan Stanley.
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 Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,169,000
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Maturity: | Aug. 31, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 180% of any index gain; par if index falls by up to 35%; Otherwise, 1% loss per 1% decline
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Initial level: | 3,388.22
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Trigger level: | 2,202.343, 65% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61768CNF0
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