Published on 10/5/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.33 million PLUS linked to S&P MidCap 400
By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – Morgan Stanley priced $1.33 million of 0% Performance Leveraged Upside Securities due Jan. 3, 2018 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 13.75%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $1,326,600
|
| Maturity: | Jan. 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus three times the index return, subject to 13.75% maximum return; full exposure to any index decline
|
| Initial level: | 1,552.26
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61766A491
|
|
|
|
|
© 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.
