Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $519,665 call warrants linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., May 29 – Morgan Stanley Finance LLC priced 6,828 call warrants expiring May 17, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The warrants are guaranteed by Morgan Stanley.
The warrants have a notional amount of $1,000 each. The issue price is $76.108 per warrant, or 7.6108% of the notional amount, for a total premium amount of $519,665.424.
The warrants will be automatically exercised on the expiration date. If the final index level is greater than the initial index level, the payout will be $1,000 multiplied by the index return.
If the final index level is less than or equal to the initial level, the warrants will expire worthless and investors will lose their entire investments in the warrants.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Call warrants
|
Underlying index: | Euro Stoxx 50
|
Warrants: | 6,828
|
Notional amount: | $1,000 each, or $6,828,000 total
|
Price: | $76.108 each, or $519,665.424 total
|
Expiration date: | May 17, 2021
|
Cash settlement date: | May 20, 2021
|
Payout: | If index’s final level is greater than initial index level, $1,000 multiplied by index return; if final level is less than or equal to initial level, nothing
|
Initial index level: | 3,573.76
|
Final level: | Average of index closing levels on five trading days ending May 17, 2021
|
Pricing date: | May 18
|
Settlement date: | May 23
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | $4.308 per warrant
|
Cusip: | 61768Q437
|
|
© 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.