Published on 10/7/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.71 million enhanced trigger jump notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Oct. 7 – Morgan Stanley priced $2.71 million of 0% enhanced trigger jump securities due Oct. 5, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 65% of the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 30%. If the final index level is less than 65% of the initial index level, investors will be fully exposed to the index's decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Enhanced trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,705,000
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Maturity: | Oct. 5, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final index level is greater than or equal to trigger level, par plus greater of index return and 30%; if final index level is less than trigger level, full exposure to index's decline from initial level
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Initial index level: | 3,100.67
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Trigger level: | 2,015.436, 65% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61765R479
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