Published on 4/30/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.79 million capped leveraged notes on basket
By Sarah Lizee
Olympia, Wash., April 30 – Morgan Stanley Finance LLC priced $4.79 million of 0% capped leveraged notes due June 16, 2022 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 includes the Euro Stoxx 50 index with a 36% weight, the Tokyo Stock Price index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 300% of any basket gain, capped at $1,379.50 per $1,000 principal amount.
Investors will lose 1% for every 1% that the basket declines.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped leveraged notes
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Underlying basket: | Euro Stoxx 50 (36% weight), Tokyo Stock Price (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
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Amount: | $4,788,000
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Maturity: | June 16, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at $1,379.50 per $1,000 principal amount; 1% loss for every 1% that the basket declines
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Initial levels: | 2,809.07 for Stoxx, 1,421.29 for Topix, 5,752.23 for FTSE, 9,625.65 for Swiss and 5,242.622 for S&P/ASX
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Pricing date: | April 24
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Settlement date: | May 1
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61770FQ90
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