Published on 6/2/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.9 million Buffered PLUS linked to Euro Stoxx
New York, June 2 – Morgan Stanley priced $3.9 million of 0% Buffered Performance Leveraged Upside Securities due Dec. 5, 2018 tied to the Euro Stoxx 50 Index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 32.85%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline in the index beyond 10%.
Morgan Stanley & Co. LLC is the underwriter.
Issuer: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 Index
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Amount: | $3,895,500
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Maturity: | Dec. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to maximum payout of par plus 32.85%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,063.48
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Pricing date: | May 31
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Settlement date: | June 3
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Underwriters: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61766A376
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