Published on 8/10/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.29 million 15-month PLUS linked to Topix index
By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – Morgan Stanley priced $2.29 million of 0% Performance Leveraged Upside Securities due Nov. 5, 2018 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum payment of $11.72 per PLUS.
Investors will lose 1% for every 1% that the index declines.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Topix
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Amount: | $2,291,810
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Maturity: | Nov. 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par of $10 plus triple the index return, subject to a maximum payment of $11.72 per PLUS; 1% loss for every 1% decline
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Initial level: | 1,618.61
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61766A798
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