Published on 10/27/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1 million market plus notes on Euro Stoxx Banks
New York, Oct. 27 – Morgan Stanley Finance LLC priced $1 million of 0% market plus notes due April 30, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return with a floor of par unless the index finishes below 71.4% of its initial level in which case investors will be fully exposed to the decline of the index.
The notes will be guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market plus notes
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Underlying index: | Euro Stoxx Banks
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Amount: | $1 million
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Maturity: | April 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above knock-out level, par plus any index gain with floor of 0%; otherwise, full exposure to losses
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Initial index level: | 135.52
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Knock-out level: | 96.761, 71.4% of initial level
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Final level: | Average of index closing levels on five averaging dates ending April 25, 2019
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Pricing date: | Oct. 25
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Settlement date: | Oct. 30
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Agent: | Morgan Stanley & Co. LLC
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Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1.25%
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Cusip: | 61768CSQ1
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