By Marisa Wong
Morgantown, W.Va., Aug. 24 – Morgan Stanley Finance LLC priced $1 million of 0% capped airbag gears due Nov. 21, 2018 linked to iShares MSCI EAFE exchange-traded fund, 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 1.3 times any fund gain, subject to a maximum return of 13.6%.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped airbag gears
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $1 million
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Maturity: | Nov. 21, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any fund gain, with return capped at 13.6%; par if fund declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
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Initial price: | $66.76
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Downside threshold: | $60.08, 90% of initial price
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Strike date: | Aug. 16
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Pricing date: | Aug. 17
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Settlement date: | Aug. 22
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Agents: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as placement agent
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Fees: | None
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Cusip: | 61766X640
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