By Jennifer Chiou
New York, Dec. 2 - Morgan Stanley priced $3 million of 0% airbag performance securities due Nov. 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 230.2% of any index gain.
If the index falls by up to the 50% trigger level, the payout will be par.
Otherwise, investors will lose 2% for every 1% decline beyond 50%.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Airbag performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3 million
|
| Maturity date: | Nov. 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 230.2% of any index gain; par if index falls by up to 50% trigger level; otherwise, 2% loss for every 1% decline beyond 50%
|
| Initial index level: | 3,062.62
|
| Pricing date: | Nov. 26
|
| Settlement date: | Nov. 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61762W638
|
© 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.
