Published on 1/27/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.85 million buffered PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 27 – Morgan Stanley Finance LLC priced $3.85 million of 0% buffered Performance Leveraged Upside Securities due Feb. 28, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of 9.6%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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 Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $3,845,000
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Maturity: | Feb. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return, subject to 9.6% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 2,265.20
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Pricing date: | Jan. 23
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Settlement date: | Jan. 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61768CEJ2
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