Published on 11/21/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $6.75 million capped airbag gears on S&P 500
By Taylor Fox
New York, Nov. 23 – Morgan Stanley Finance LLC sells $6.75 million of 0% capped airbag gears due May 12, 2022 linked to the S&P 500 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 1.5 times any index gain, subject to a maximum return of par plus 17.4%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as the placement agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Capped airbag gears
|
Underlying index: | S&P 500
|
Amount: | $6,748,000
|
Maturity: | May 12, 2022
|
Coupon: | 0%
|
Level: | Par
|
Payout at maturity: | Par plus 1.5 times any index gain, with return capped at par plus 17.4%; par if index declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
|
Initial level: | 3,550.50
|
Downside threshold: | 3,195.45, 90% of initial level
|
Pricing date: | Nov. 9
|
Settlement date: | Nov. 13
|
Agents: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as placement agent
|
Fees: | None
|
Cusip: | 61771G434
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.