Published on 9/6/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $4.22 million capped buffered gears on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 6 – Morgan Stanley Finance LLC priced $4.22 million of 0% capped buffered gears due Aug. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus double the index gain, subject to a maximum payout of par plus 29.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.
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: | Capped buffered gears
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Underlying index: | Euro Stoxx 50
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Amount: | $4,220,330
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, subject to a maximum payout of par plus 29.3%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial level: | 3,388.22
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Downside threshold: | 3,049.40, 90% of initial level
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Pricing date: | Aug. 29
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 61766X517
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