Published on 6/4/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $971,000 capped leveraged buffered notes on index basket
By Sarah Lizee
Olympia, Wash., June 4 – Morgan Stanley Finance LLC priced $971,000 of 0% capped leveraged buffered notes due Aug. 31, 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 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 170% of any basket gain, capped at $1,252.45 per $1,000 principal amount.
Investors will receive par if the basket declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.
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 (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: | $971,000
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Maturity: | Aug. 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 170% of any basket gain, capped at $1,252.45 per $1,000 principal amount; par if basket falls by up to 12.5%; 1.1429% loss for every 1% drop beyond 12.5%
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Initial levels: | 3,297.81 for Stoxx, 1,536.41 for Topix, 7,185.30 for FTSE, 9,541.97 for Swiss and 6,440.026 for S&P/ASX
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Pricing date: | May 29
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Settlement date: | June 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61769HCY9
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