Published on 3/3/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.23 million trigger PLUS on index basket
By Tali Rackner
Norfolk, Va., March 3 – Morgan Stanley priced $4.23 million of 0% trigger Performance Leveraged Upside Securities due March 1, 2018 linked to an equally weighted basket consisting of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the basket finishes above the initial level, the payout at maturity will be par plus 115% of the gain.
If the basket falls by up to the 90% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Trigger Performance Leveraged Upside Securities
|
Underlying indexes: | Russell 2000 and S&P 500
|
Amount: | $4,233,960
|
Maturity: | March 1, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If basket finish above initial level, par plus 115% of the return; par if basket declines by up to 10%; otherwise, full exposure to losses
|
Initial index levels: | 1,037.183 for Russell, 1,948.05 for S&P
|
Pricing date: | Feb. 26
|
Settlement date: | March 2
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.5%
|
Cusip: | 61765U878
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.