Published on 6/4/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $8.01 million trigger gears linked to index basket
By Wendy Van Sickle
Columbus, Ohio., June 4 – Morgan Stanley Finance LLC priced $8.01 million of 0% trigger gears due May 31, 2024 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 consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.
The payout at maturity will be par of $10 plus 3.18 times any basket gain.
Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if it finishes below its 75% downside threshold.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), the S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
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| Amount: | $8,006,500
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| Maturity: | May 31, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 3.18 times any basket gain; par if basket falls by up to 25% and full exposure to any losses if basket finishes below 75% downside threshold
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| Initial index levels: | 3,297.81 for Stoxx, 7,185.3 for FTSE, 21,003.37 for Nikkei, 9,541.97 for Swiss, 6,440.026 for S&P/ASX, 27,235.71 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 with UBS Financial Services Inc. as dealer
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| Fees: | 3.5%
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| Cusip: | 61768Y398
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