Published on 8/7/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $4.36 million market-linked notes tied to S&P, Stoxx basket
By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – Morgan Stanley Finance LLC priced $4.36 million of 0% market-linked notes due Feb. 5, 2025 linked to an equally weighted basket composed of the Tokyo Stock Price index, the S&P 500 index and the Euro Stoxx 50, 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 basket gain. If the basket finishes flat or falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying basket: | Tokyo Stock Price index, S&P 500 index and Euro Stoxx 50 index, equally weighted
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Amount: | $4,357,290
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Maturity: | Feb. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; par if basket finishes flat or falls
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Initial levels: | 1,565.14 for Tokyo, 2,980.38 for S&P, 3,466.85 for Stoxx
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61769Q212
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