Published on 7/10/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.17 million PLUS linked to iShares MSCI EAFE ETF
By Wendy Van Sickle
Columbus, Ohio, July 10 – Morgan Stanley priced $1.17 million of 0% Performance Leveraged Upside Securities due Oct. 3, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus triple the fund return, subject to a maximum return of 16.25%. If the fund return is negative, investors will be exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying fund: | iShares MSCI EAFE exchange-traded fund
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Amount: | $1,172,100
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Maturity: | Oct. 3, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund return is positive, par plus 300% of fund return, subject to 16.25% maximum return; if fund return is negative, exposure to decline
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Initial level: | $65.20
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61766A764
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