Published on 10/4/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 part principal at risk notes tied to index basket
By Susanna Moon
Chicago, Oct. 4 – Morgan Stanley Finance LLC priced $500,000 of 0% equity-linked partial principal at risk securities due Oct. 16, 2021 linked to a basket consisting of the Euro Stoxx Select Dividend 30 index, the Russell 2000 index and the S&P 500 index, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying basket finishes at or above its initial level, the payout at maturity will be par plus the gain.
If the basket falls, the payout will be par plus the return, with a minimum payout of $950 per security.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Equity-linked partial principal at risk securities
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Underlying basket: | Euro Stoxx Select Dividend 30 index, Russell 2000 index and S&P 500 index, equally weighted
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Amount: | $500,000
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Maturity: | Oct. 16, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; if basket falls, par plus return with floor of 95% of par
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Initial levels: | 2,919.37 for S&P, 1,705.318 for Russell and 2,001.34 for Stoxx
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Pricing date: | Sept. 24
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Settlement date: | Sept. 27
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Underwriter: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61768DEJ0
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