Published on 12/4/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.66 million trigger gears due 2021 on basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Morgan Stanley Finance LLC priced $7.66 million of 0% trigger gears due Nov. 30, 2021 linked to a basket of indexes and a fund, 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 2.8 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
|
| 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)
|
| Amount: | $7,661,520
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| Maturity: | Nov. 30, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.8 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
|
| Initial index levels: | 3,168.29 for Stoxx, 7,004.52 for FTSE, 22,177.02 for Nikkei, 8,894.58 for Swiss, 5,725.078 for S&P/ASX, 26,682.56 for Hang Seng
|
| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
|
| Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as placement agent
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| Fees: | None
|
| Cusip: | 61768T753
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