Published on 6/11/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 market-linked notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, June 11 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked notes due June 5, 2024 linked to a basket consisting of the S&P 500 index (50% weight), the Euro Stoxx 50 index (25% weight) and the iShares MSCI EAFE ETF (25% weight), according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any basket gain, capped at par plus 75%.
If the basket falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
The notes are guaranteed by Morgan Stanley.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying assets: | S&P 500 (50% weight), Euro Stoxx 50 index (25% weight) and iShares MSCI EAFE ETF (25% weight)
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Amount: | $250,000
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Maturity: | June 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at par plus 75%, floor of par
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Initial levels: | 2,752.06 for S&P, 3,280.43 for Stoxx and $40.71 for ETF
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.125%
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Cusip: | 61769HAR6
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