Published on 9/24/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $24.51 million buffered digital notes on Nasdaq
By Sarah Lizee
Olympia, Wash., Sept. 24 – Morgan Stanley Finance LLC priced $24.51 million of 0% buffered digital notes due Jan. 28, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 10%, the payout at maturity will be par plus 10%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered digital notes
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Underlying index: | Nasdaq-100 index
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Amount: | $24,513,000
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Maturity: | Jan. 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 10%, par plus 10%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
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Initial level: | 7,888.556
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Threshold level: | 7,099.7004, or 0% of initial level
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Pricing date: | Sept. 18
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Settlement date: | Sept. 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.16%
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Cusip: | 61769HRY3
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