Published on 2/13/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.23 million partial principal at risk notes on Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 13 – Morgan Stanley Finance LLC priced $1.23 million of 0% equity-linked partial principal at risk securities due Feb. 14, 2020 tied to the Dow Jones industrial average and the Russell 2000 index, 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 gain of the lesser-performing index up to a maximum payout of par plus 8.38%.
If the lesser-performing index finishes flat or declines, investors will receive par plus the lesser-performing index return, subject to a minimum payout of $960 per $1,000 note.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Partial principal at risk securities
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| Underlying indexes: | Russell 2000 and Dow Jones industrial average
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| Amount: | $1,229,000
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| Maturity: | Feb. 14, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any gain of lesser-performing, up to maximum payout of par plus 8.38%; if lesser-performing index falls, par plus lesser-performing index return subject to minimum payout of $960 per note
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| Initial index levels: | 1,506.394 for Russell, 25,106.33 for Dow
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 61768DQ32
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