Published on 6/5/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $4.83 million market-linked notes on index basket
By Wendy Van Sickle
Columbus, Ohio, June 5 – Morgan Stanley Finance LLC priced $4.83 million of 0% market-linked notes due Nov. 30, 2023 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 contains the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus 171% of any basket gain. If the basket falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
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 basket: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (20% weight), FTSE 100 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight), Hang Sent index (5%% weight)
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Amount: | $4,828,000
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Maturity: | Nov. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.71 times the gain; otherwise, par
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Initial index levels: | 3,428.14 for Stoxx, 7,632.64 for FTSE, 22,358.43 for Nikkei, 8,637.20 for Swiss Market, 6,013.558 for S&P/ASX, 30,484.58 for Hang Seng
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Pricing date: | May 29
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Settlement date: | May 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 61768CZ59
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