Published on 8/13/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.25 million market-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 13 – Morgan Stanley Finance LLC priced $1.25 million of 0% market-linked notes due Aug. 7, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain, capped at 52%. If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.25 million
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| Maturity: | Aug. 7, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus the gain, capped at 52%; otherwise, par
|
| Initial level: | 2,827.22
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
|
| Cusip: | 61768DBS3
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