Published on 8/7/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $250,000 market-linked notes on basket of indexes, ETF
By Sarah Lizee
Olympia, Wash., Aug. 7 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked notes due Aug. 5, 2024 linked to an unequally weighted basket composed of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the iShares MSCI Emerging Markets ETF with a 25% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any basket gain, capped at par plus 50%. If the basket finishes flat or falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying basket: | S&P 500 index with a 50% weight, Euro Stoxx 50 index with a 25% weight and iShares MSCI Emerging Markets ETF with a 25% weight
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Amount: | $250,000
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Maturity: | Aug. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at par plus 50%; par if basket finishes flat or falls
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Initial levels: | 2,980.38 for S&P, 3,466.85 for Stoxx, $41.77 for ETF
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61769HKS3
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