Published on 6/4/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.39 million Buffered PLUS linked to Russell
New York, June 4 - Morgan Stanley priced $1.39 million of 0% Buffered Performance Leveraged Upside Securities due June 4, 2015 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 21%. Investors will receive par if the index falls by up to 13% and will lose % for every 1% decline in the index beyond 13%.
Morgan Stanley & Co. LLC is the underwriter.
Issuer: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $1,386,000
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Maturity: | June 4, 2015
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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 300% of index return, subject to maximum payout of par plus 21%; par if index falls by up to 13%; % loss for every 1% decline beyond 13%
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Initial index level: | 984.14
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Pricing date: | May 31
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Settlement date: | June 5
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Underwriters: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61761JHL6
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