Published on 1/5/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.43 million of trigger PLUS tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Morgan Stanley Finance LLC priced $5.43 million of 0% trigger Performance Leveraged Upside Securities due Jan. 5, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 5 times the return, capped at 77.65%.
If the index falls by up to its 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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 indexes: | Euro Stoxx 50
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Amount: | $5,427,750
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Maturity: | Jan. 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 500% of return, capped at 77.65% maximum return; if index falls by up to trigger, par; otherwise, 1% loss per 1% decline
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Initial level: | 3,524.31
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Trigger level: | 2,643.233, 75% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61768K554
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