Published on 11/15/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $7.68 million capped leveraged buffered notes on basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 15 – Morgan Stanley Finance LLC priced $7.68 million of 0% capped leveraged buffered notes due Nov. 16, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket includes the Euro Stoxx 50 index with a 37% initial weight, the FTSE 100 index with a 23% initial weight, the Tokyo Stock Price index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum settlement amount of $1,345.75 per $1,000 of notes.
Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Capped leveraged buffered notes
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| Underlying indexes: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Tokyo Stock Price (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
|
| Amount: | $7,677,000
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| Maturity: | Nov. 16, 2018
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any basket gain, capped at $1,345.75; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
| Initial levels: | 3,046.59 for Euro Stoxx, 6,827.98 for FTSE, 1,376.35 for Tokyo, 7,928.77 for Swiss Market and 5,328.835 for S&P/ASX
|
| Pricing date: | Nov. 10
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| Settlement date: | Nov. 18
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| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
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| Cusip: | 61768CBE6
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