Published on 3/22/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.84 million capped leveraged buffered notes on index basket
By Marisa Wong
Morgantown, W.Va., March 22 – Morgan Stanley Finance LLC priced $6.84 million of 0% capped leveraged buffered notes due March 18, 2020 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 37% weight, the FTSE 100 index with a 23% weight, the Tokyo Stock Price 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 173% of any basket gain.
Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
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 buffered notes
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Underlying basket: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Tokyo Stock Price (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $6,839,000
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Maturity: | March 18, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 173% of any basket gain; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
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Initial levels: | 3,437.40 for Euro Stoxx, 7,164.14 for FTSE, 1,736.63 for Topix, 8,882.53 for Swiss Market and 5,949.423 for S&P/ASX
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Pricing date: | March 16
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Settlement date: | March 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61768CH59
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