Published on 2/8/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 trigger PLUS tied to S&P, Russell
By Susanna Moon
Chicago, Feb. 8 – Morgan Stanley Finance LLC priced $500,000 of 0% trigger Performance Leveraged Upside Securities due Feb. 1, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 400% of the gain of the worse performing index.
If either index falls by up to 40%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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: | Trigger Performance Leveraged Upside Securities
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Underlying indexes: | Russell 2000 index, S&P 500 index
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Amount: | $500,000
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Maturity: | Feb. 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 400% of return of worse performing index; if either index falls by up to 40%, par; otherwise, 1% loss per 1% decline of worse performing index
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Initial levels: | 2,643.85 for S&P, 1,473.536 for Russell
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Trigger levels: | 1,586.31 for S&P, 884.122 for Russell, 60% of initial levels
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.125%
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Cusip: | 61768DVS1
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