Published on 10/22/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.14 million trigger PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Oct. 22 – Morgan Stanley priced $5.14 million of 0% trigger Performance Leveraged Upside Securities due Oct. 23, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return. Investors will receive par if the index declines by less than 35% and will be fully exposed to the index’s decline from its initial level if it falls by 35% or more.
Morgan Stanley & Co. LLC is the agent.
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: | $5,141,500
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Maturity: | Oct. 23, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return; par if final index level is less than or equal to initial level but greater than trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
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Initial index level: | 2,927.3
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Trigger level: | 1,902.745, 65% of the initial price
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Pricing date: | Oct. 20
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Settlement date: | Oct. 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61764C325
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