Published on 5/8/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $513,000 trigger PLUS linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 8 – Morgan Stanley Finance LLC priced $513,000 of 0% trigger Performance Leveraged Upside Securities due April 28, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par of $10 plus 185% of the index return. If the index declines by 35% or less, the payout will be par. If the index declines by more than 35%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $513,000
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Maturity: | April 28, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 185% of index return; if index declines by 35% or less, par; if index finishes below trigger level, 1% loss for every 1% that final index level is less than initial index level
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Initial level: | 3,583.16
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Trigger level: | 2,329.054, 65% of initial level
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.75%
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Cusip: | 61768CHC4
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