Published on 12/8/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $3.39 million dual directional trigger PLUS on Euro Stoxx 50 index
New York, Dec. 8 – Morgan Stanley priced $3.39 million of 0% dual directional Trigger Performance Leveraged Upside Securities due Dec. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 125% of any index gain.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Dual directional Trigger Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3,387,840
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| Maturity: | Dec. 3, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 125% of any index gain; if index falls by up 35%, par plus absolute value of return; otherwise, full exposure to any losses
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| Initial level: | 3,506.45
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| Trigger level: | 2,279.193, 65% of initial level
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61765U167
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