By Toni Weeks
San Luis Obispo, Calif., Jan. 9 – Morgan Stanley priced $9.3 million of 0% buffered Performance Leveraged Upside Securities due Nov. 14, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, subject to a maximum payment of $1,227 per $1,000 principal amount of notes.
Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $9.3 million
|
| Maturity date: | Nov. 14, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, up to a maximum return of 22.7%; par if fund declines up to 15%; 1.1765% loss for every 1% drop beyond 15%
|
| Initial price: | $59.13
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 12
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61761JWA3
|
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