E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/3/2014 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2.2 million trigger jump notes on S&P, Euro Stoxx

By Susanna Moon

Chicago, Oct. 3 – Morgan Stanley priced $2.2 million of 0% trigger jump securities due Oct. 3, 2017 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par of $10.00 plus the greater of the $3.40 upside payment and any gain of the worse performing index.

If either index falls but each index finishes at or above its respective 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:Morgan Stanley
Issue:Trigger jump securities
Underlying indexes:S&P 500 and Euro Stoxx 50
Amount:$2,202,000
Maturity:Oct. 3, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:If each index closes at or above its initial level, par plus greater of the 34% and any gain of the worse performing index; if either index falls but both indexes close at or above trigger levels, par; otherwise, full exposure to losses of worst performing index
Initial levels:1,972.29 for S&P, 3,225.93for Euro Stoxx
Trigger levels:1,479.218 for S&P, 2,419.448 for Euro Stoxx; 75% of initial levels
Pricing date:Sept. 30
Settlement date:Oct. 3
Agent:Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
Fees:2.5%
Cusip:61764C101

© 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.