Published on 5/10/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.3 million capped leveraged notes tied to basket of indexes
By Wendy Van Sickle
Columbus, Ohio, May 10 – Morgan Stanley priced $7.3 million of capped leveraged buffered notes due May 11, 2018 linked to a basket of indexes, according to a 424B2 filing 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 settlement of $1,231.90 per $1,000 note.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for every 1% the basket declines beyond 20%.
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), Tokyo Stock Price index (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
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Amount: | $7,298,000
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Maturity: | May 11, 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 basket gain up $1,231.90 maximum payout per note; par if basket falls by up to 20%; 1.25% loss for every 1% basket decline beyond 20%.
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Initial levels: | 2,936.84 for Euro Stoxx, 6,125.70 for FTSE, 1,298.32 for Tokyo, 7,735.60 for Swiss Market and 5,292.046 for S&P/ASX
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Pricing date: | May 6
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Settlement date: | May 13
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61761J2V0
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