Published on 1/29/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.05 million trigger jump securities tied to Euro Stoxx 50
By Tali Rackner
Minneapolis, Jan. 29 – Morgan Stanley Finance LLC priced $1.05 million of 0% trigger jump securities due Jan. 24, 2023 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 return is positive, the payout at maturity will be par of $1,000 plus the greater of the index return and 71.5%.
The payout will be par if the index declines by 30% or less and investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,045,000
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Maturity: | Jan. 24, 2023
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the return and 71.5%; par if index falls by up to 30%; otherwise, investors will lose 1% for each 1% decline from the initial level
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Initial index level: | 3,649.07
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Downside threshold: | 2,554.349, 70% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | Morgan Stanley & Co.
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Fees: | 3.5%
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Cusip: | 61768CYS0
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