Published on 8/29/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $15.37 million capped gears linked to S&P
By Angela McDaniels
Tacoma, Wash., Aug. 29 – Morgan Stanley Finance LLC priced $15.37 million of 0% capped gears due Oct. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is positive, the payout at maturity will be par of $10 plus 300% of the index’s return, subject to a maximum return of 13.46%. If the index’s return is negative, investors will be exposed to the decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped gears
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Underlying index: | S&P 500
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Amount: | $15,366,410
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Maturity: | Oct. 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index’s return is positive, par plus 300% of index’s return, subject to maximum return of 13.46%; if index’s return is negative, exposure to decline
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Initial level: | 2,869.16
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 61769Q592
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