Published on 2/13/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.93 million buffered PLUS tied to Tokyo Stock Price
By Sarah Lizee
Olympia, Wash., Feb. 13 – Morgan Stanley Finance LLC priced $2.93 million of 0% buffered Performance Leveraged Upside Securities due Feb. 3, 2021 linked to the Tokyo Stock Price index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, capped at par plus 26.6%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Tokyo Stock Price index
|
| Amount: | $2,934,500
|
| Maturity: | Feb. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 26.6%; if index falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial level: | 1,567.49
|
| Buffer level: | 1,332.367, 85% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.5%
|
| Cusip: | 61768W525
|
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