By Jennifer Chiou
New York, Dec. 24 – Morgan Stanley priced $3,356,110 of 0% trigger jump securities due March 27, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial share price, the payout at maturity will be par plus the upside payment of $3.55 per $10.00 security.
Investors will receive par if the share price falls by up to 25% and will be fully exposed to losses from the initial price if the fund finishes below the 75% downside threshold level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying fund: SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $3,356,110
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| Maturity: | March 27, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 35.5% if fund finishes at or above the initial share price; par for losses up to 25%; full exposure to any losses if fund finishes below 75% downside threshold level
|
| Initial share price: | $48.58
|
| Downside threshold level: | $36.435, 75% of initial level
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61764M422
|
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