Published on 8/5/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.15 million trigger PLUS linked to WisdomTree India
By Angela McDaniels
Tacoma, Wash., Aug. 5 – Morgan Stanley priced $1.15 million of 0% trigger Performance Leveraged Upside Securities due Aug. 3, 2018 linked to the WisdomTree India Earnings Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 200% of the fund return, subject to a maximum return of 35%. Investors will receive par if the fund declines by 15% or less and will be fully exposed to the fund’s decline from its initial level if it falls by more than 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: WisdomTree India Earnings Fund
|
| Amount: | $1,145,000
|
| Maturity: | Aug. 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If fund return is positive, par plus 200% of fund return, subject to 35% maximum return; par if final share price is less than or equal to initial share price but greater than trigger level; full exposure to fund’s decline from initial share price if final share price is less than trigger level
|
| Initial share price: | $22.12
|
| Trigger level: | $18.802, 85% of initial price
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61765G549
|
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