Published on 2/4/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $29.06 million capped leveraged buffered notes on index basket
By Marisa Wong
Morgantown, W.Va., Feb. 4 – Morgan Stanley priced $29.06 million of capped leveraged buffered notes due Feb. 1, 2018 linked to a basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of $1,309 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | 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), Topix (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
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Amount: | $29,062,000
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Maturity: | Feb. 1, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any index gain up to $1,309 maximum payout per note; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
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Initial levels: | 3,045.09 for Euro Stoxx, 6,083.79 for FTSE, 1,432.07 for Topix, 8,319.81 for Swiss Market and 5,005.524 for S&P/ASX
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Pricing date: | Jan. 29
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Settlement date: | Feb. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61761JV55
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