By Susanna Moon
Chicago, Feb. 5 - Morgan Stanley priced $2.61 million of 0% market-linked notes with quarterly averaging due July 31, 2019 linked to a basket of three equally weighted funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying funds are iShares MSCI EAFE exchange-traded fund, iShares MSCI Emerging Markets ETF and WisdomTree Japan Hedged Equity fund.
The payout at maturity will be par plus the arithmetic average of basket closing levels on 22 determination dates.
If the basket falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying basket: | iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF and WisdomTree Japan Hedged Equity fund, equally weighted
|
| Amount: | $2,611,670
|
| Maturity: | July 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus arithmetic average of basket closing levels on 22 determination dates; floor of par
|
| Initial level: | $63.61 for EAFE fund, $38.19 for EM fund and $46.61 for WisdomTree fund
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 61760S126
|
© 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.
