Published on 11/30/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 of trigger performance notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Morgan Stanley priced $500,000 of 0% trigger performance securities due Nov. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 165.1% of the index return. Investors will receive par if the index falls by up to 35% and will be fully exposed to losses from the initial level if it falls by more than 35%.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
Issuer: | Morgan Stanley
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $500,000
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Maturity: | Nov. 30, 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 165.1% of index return; par if index falls by up to 35%; full exposure to losses from initial level if index falls by more than 35%
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Initial level: | 3,462.06
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Trigger level: | 2,250.34, 65% of initial level
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Pricing date: | Nov. 25
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Settlement date: | Nov. 30
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Agent: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
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Fees: | 0.5%
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Cusip: | 61765R875
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