By Marisa Wong
Madison, Wis., April 2 – Morgan Stanley priced $2.65 million of 0% trigger performance securities due March 31, 2020 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 118.5% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger performance securities
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
| Amount: | $2,651,000
|
| Maturity: | March 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 118.5% of any index gain; par if index falls by up to 25%; full exposure to any losses if index finishes below 75% trigger level
|
| Initial level: | 226.8573
|
| Trigger level: | 170.1430, 75% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
|
| Fees: | 3.5%
|
| Cusip: | 61764V398
|
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