Published on 6/8/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $6.73 million trigger autocallables on Euro Stoxx
By Susanna Moon
Chicago, June 8 – Morgan Stanley Finance LLC priced $6.73 million of 0% trigger autocallable notes due May 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 9.4% per year if the index closes at or above the initial level on any quarterly observation date after one year.
The payout at maturity will be par unless index finishes below its 70% threshold, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger autocallable notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $6,732,000
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| Maturity: | May 31, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par unless index falls by more than 30%, in which case 1% loss for each 1% decline
|
| Call: | At par plus 9.4% per year if index closes at or above initial level on any quarterly observation date beginning June 1, 2018
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| Initial level: | 3,584.55
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| Trigger level: | 2,509.19, 70% of initial level
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61766W501
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