Published on 7/31/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8.22 million trigger autocallables on Euro Stoxx
By Marisa Wong
Madison, Wis., July 31 – Morgan Stanley priced $8.22 million of 0% trigger autocallable optimization securities due July 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial level on any quarterly observation date after one year, the notes will be called at par plus a call return of 8% per year.
If the notes are not called and the index finishes at or above the trigger level, 75.31% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index decline from the initial level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley
|
Issue: | Trigger autocallable optimization securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $8,219,780
|
Maturity: | July 31, 2019
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | If index finishes at or above trigger level, par; otherwise, investors will be exposed to index decline from initial level
|
Call: | At par plus 8% per year if index closes at or above initial level on any quarterly observation date beginning Aug. 3, 2015
|
Initial level: | 3,190.54
|
Trigger level: | 2,402.80, 75.31% of initial level
|
Pricing date: | July 29
|
Settlement date: | July 31
|
Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
|
Fees: | 2.5%
|
Cusip: | 61758S112
|
|
© 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.