Published on 7/3/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $13.2 million trigger PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 3 – Morgan Stanley priced $13.2 million of 0% trigger Performance Leveraged Upside Securities due July 6, 2020 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 167% of any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes to or below the 60% trigger level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
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: | $13,201,110
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Maturity: | July 6, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 167% of any index gain; par if index falls by less than 40%; full exposure to losses if index falls at or below trigger level
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Initial index level: | 3,228.24
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Trigger level: | 1,936.944, 60% of initial index level
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Pricing date: | June 30
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Settlement date: | July 3
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 3.5%
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Cusip: | 61761S513
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