By Angela McDaniels
Tacoma, Wash., Aug. 31 – Morgan Stanley priced $1.34 million of 0% trigger performance securities due Aug. 31, 2020 linked to the Energy Select Sector SPDR 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 183.4% of the fund return.
If the fund return is zero or negative and the fund’s final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger performance securities
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $1,339,000
|
| Maturity: | Aug. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 183.4% of fund return; if fund return is zero or negative and fund’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to decline in fund from its initial level
|
| Initial share price: | $61.26
|
| Trigger level: | $45.95, 75% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61765R214
|
© 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.
