Published on 7/30/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $507,000 10-year trigger PLUS tied to Euro Stoxx
By Susanna Moon
Chicago, July 30 – Morgan Stanley priced $507,000 of 0% trigger Performance Leveraged Upside Securities due July 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 plus 2.27 times any gain in the index.
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 distribution through Morgan Stanley Wealth Management.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $507,000
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 227% of any index gain; par if index falls by up to 50%; full exposure to any losses if index finishes below trigger level
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Initial level: | 3,171.55
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Trigger level: | 1,585.775, 50% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 61761JRR2
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