New Issue: Morgan Stanley prices $1.73 million market plus notes linked to Euro Stoxx 50

By Tali Rackner

Norfolk, Va., Feb. 19 – Morgan Stanley priced $1.73 million of 0% market plus notes due Aug. 16, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the index finishes below the initial level by more than the 28.35% knock-out buffer amount.

If a knock-out event does not occur, the payout at maturity will be par plus the greater of the contingent minimum return of 0% and the index return.

If a knock-out event occurs, the payout will be par plus the index return, with full exposure to any losses.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Morgan Stanley
Issue:	Market plus notes
Underlying index:	Euro Stoxx 50
Amount:	$1,725,000
Maturity:	Aug. 16, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index never falls below initial level by more than 28.35%, par plus any index gain with floor of 0%; otherwise, full exposure to losses
Initial index level:	2,756.16
Knock-out level:	1,974.789, 71.65% of initial level
Pricing date:	Feb. 12
Settlement date:	Feb. 18
Agent:	Morgan Stanley & Co. LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.25%
Cusip:	61761JX79

© 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.