Published on 5/10/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.16 million allocation notes on index basket
By Marisa Wong
Morgantown, W.Va., May 10 – Morgan Stanley Finance LLC priced $2.16 million of 0% allocation securities due April 30, 2024 linked to a basket consisting of the S&P 500 index, the MSCI EAFE index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The best performing index will be assigned a 70% weight in the basket, and the index with the second-best return will be given a 30% weight. The index with the lowest return will have no weighting.
The payout at maturity will be par of $10 plus any basket gain.
Investors will be exposed to any losses.
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: | Allocation securities
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Underlying basket: | S&P 500 index, MSCI EAFE index and MSCI Emerging Markets index; best performing index will be assigned a 70% weight, second best will be given a 30% weight, index with lowest return will have no weighting
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Amount: | $2,164,100
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any basket gain; full exposure to any losses
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Initial index levels: | 2,939.88 for S&P, 1,915.65 for EAFE, 1,078.06 for EM
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Pricing date: | April 26
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Settlement date: | April 30
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 61768X838
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