Published on 11/5/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $500,000 buffered PLUS due 2020 tied to Stoxx
By Sarah Lizee
Olympia, Wash., Nov. 5 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due Nov. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 210% of any index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.
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: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $500,000
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Maturity: | Nov. 5, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 210% of any index gain; if index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
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Initial level: | 3,197.51
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Buffer level: | 2,877.759, 90% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.7%
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Cusip: | 61768DFY6
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