Published on 12/31/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $7.99 million capped trigger gears on Euro Stoxx
By Sarah Lizee
Olympia, Wash., Dec. 31 – Morgan Stanley Finance LLC priced $7.99 million of 0% capped trigger gears due Dec. 31, 2021 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 five times the index return, capped at par plus 56.5%.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
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 trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $7,988,500
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Maturity: | Dec. 31, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index return is greater than zero, par plus five times the index return, capped at par plus 56.5%; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
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Initial level: | 2,937.36
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Downside threshold: | 2,056.15, 70% of initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 61768W210
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