E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/1/2021 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $4.3 million gears tied to five index basket

By William Gullotti

Buffalo, N.Y., Nov. 1 – Morgan Stanley Finance LLC priced $4.3 million of 0% gears due Oct. 29, 2031 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The basket is comprised of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 3.04 times the basket return. Investors will be fully exposed to any loss of the basket.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Basket-linked gears
Underlying basket:Euro Stoxx 50 (40% weight), FTSE 100 (17.5% weight), Nikkei 225 (25% weight), Swiss Market (10% weight)
Amount:$4,296,500
Maturity:Oct. 29, 2031
Coupon:0%
Price:Par of $10
Payout at maturity:If basket return is greater than zero, par plus 3.04 times basket return; full exposure to any basket loss
Initial levels:4,220.88 for Euro Stoxx 50, 29,098.24 for Nikkei, 7,253.27 for FTSE, 12,087.45 for Swiss Market, 7,448.708 for S&P/ASX
Pricing date:Oct. 27
Settlement date:Oct. 29
Agent:Morgan Stanley & Co. LLC
Dealer:UBS Financial Services Inc.
Fees:5%
Cusip:61773G408

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.