Published on 3/1/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.41 million trigger performance notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, March 1 – Morgan Stanley priced $3.41 million of 0% trigger performance securities due Feb. 26, 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 161.3% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.
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: | $3,409,500
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Maturity: | Feb. 26, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 161.3% of any index gain; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
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Initial index level: | 2,877.42
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Trigger level: | 2,158.07, 75% of initial level
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Pricing date: | Feb. 25
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Settlement date: | Feb. 29
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 61765U837
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