Published on 6/12/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.45 million enhanced trigger jump notes tied to S&P 500
By Susanna Moon
Chicago, June 12 – Morgan Stanley Finance LLC priced $6.45 million of 0% enhanced trigger jump securities due Sept. 5, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold, the payout at maturity will be par plus the upside return of 8.5%.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Enhanced trigger jump securities
|
Underlying index: | S&P 500
|
Amount: | $6,445,000
|
Maturity: | Sept. 5, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains or falls by up to 15%, par plus 8.5%; otherwise, 1% loss per 1% decline
|
Initial level: | 2,734.62
|
Trigger level: | 2,324.427, 85% of initial level
|
Pricing date: | June 1
|
Settlement date: | June 6
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 1.12%
|
Cusip: | 61768C4B0
|
|
|
© 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.