Published on 1/30/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $24.29 million trigger performance notes linked to Euro Stoxx
By Marisa Wong
Madison, Wis., Jan. 30 - Morgan Stanley priced $24.29 million of 0% trigger performance securities due Jan. 31, 2024 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 of $10 plus 240.18% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% trigger level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $24,287,060
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Maturity date: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 240.18% of any index gain; par if index falls by up to 50%; otherwise, full exposure to losses
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Initial index level: | 3,011.45
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Trigger level: | 1,505.73, 50% of initial level
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Pricing date: | Jan. 29
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Settlement date: | Jan. 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61762W851
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