Published on 10/30/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.66 million trigger PLUS linked to Euro Stoxx
By Marisa Wong
Madison, Wis., Oct. 30 - Morgan Stanley priced $2.66 million of 0% trigger Performance Leveraged Upside Securities due Oct. 30, 2020 linked to the Euro Stoxx 50 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 175% of the index return. Investors will receive par if the index falls by less than 50% and will have 1-to-1 exposure to the index's decline from the initial level if it falls by 50% or more.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,655,000
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Maturity: | Oct. 30, 2020
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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 175% of index return; par if index falls by less than 50%; 1-to-1 exposure to index's decline from initial level if it falls by 50% or more
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Initial index level: | 3,022.04
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Trigger level: | 1,511.02, 50% of initial index level
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61761JLZ0
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