Published on 5/16/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $545,000 dual directional trigger jump notes on index, ETF
By Sarah Lizee
Olympia, Wash., May 16 – Morgan Stanley Finance LLC priced $545,000 of 0% dual directional trigger jump securities due Nov. 17, 2022 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each asset finishes at or above its initial level, the payout at maturity will be par of $1,000 plus the greater of lesser performing asset return and 48.25%.
If either asset falls but finishes at or above the trigger level, 70% of the initial level, the payout will be par plus the absolute value of the lesser-performing asset return.
If any asset finishes below the trigger level, investors will lose 1% for every 1% that the lesser-performing asset declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger jump securities
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $545,000
|
| Maturity: | Nov. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If each asset finishes at or above initial level, par plus the greater of lesser performing asset return and 48.25%; if either asset falls but finishes at or above trigger level, par plus absolute value of lesser-performing asset return; if either asset finishes below trigger level, 1% loss for every 1% that lesser-performing asset declines from initial level
|
| Initial index levels: | 3,364.38 for index, $41.15 for ETF
|
| Trigger levels: | 2,355.066 for index, $28.805, 70% of initial levels
|
| Pricing date: | May 14
|
| Settlement date: | May 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.9%
|
| Cusip: | 61769HBY0
|
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