Published on 11/30/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $500,000 buffered PLUS due 2021 tied to Stoxx
By Sarah Lizee
Olympia, Wash., Nov. 30 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due Dec. 2, 2021 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 15% 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: | Dec. 2, 2021
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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 15%, par; otherwise, 1% loss per 1% decline beyond 15%
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Initial level: | 3,166.42
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Buffer level: | 2,691.457, 85% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.8%
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Cusip: | 61768DKC8
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