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 5/5/2015 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $5.79 million trigger PLUS tied to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., May 5 – Morgan Stanley priced $5.79 million of 0% trigger Performance Leveraged Upside Securities due May 5, 2021 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 of $10 plus 148% of any index gain.

Investors will receive par if the index falls by up to 65% and will be fully exposed to any losses if the index finishes below the 65% trigger level.

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

Issuer:Morgan Stanley
Issue:Trigger Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$5,788,080
Maturity:May 5, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par of $10 plus 148% of any index gain; par if index falls by up to 35%; full exposure to any losses if index finishes below trigger level
Initial index level:3,615.59
Trigger level:2,350.134, 65% of the initial price
Pricing date:April 30
Settlement date:May 5
Agent:Morgan Stanley & Co. LLC
Dealer:Morgan Stanley Wealth Management
Fees:3.5%
Cusip:61764V752

© 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.