Published on 10/5/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.22 million trigger return notes linked to Euro Stoxx Mid
By Marisa Wong
Morgantown, W.Va., Oct. 5 – Morgan Stanley priced $1.22 million of 0% trigger return optimization securities due Sept. 28, 2018 linked to the Euro Stoxx Mid 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 two times the index return, subject to a maximum return of 57.2%. If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial index level, the payout will be par. If the final index level is less than the trigger level, investors will have full exposure to the index’s decline.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley
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Issue: | Trigger return optimization securities
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Underlying index: | Euro Stoxx Mid index
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Amount: | $1,218,000
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Maturity: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus two times the index return, subject to a maximum return of 57.2%; if the index return is zero or negative and the final index level is greater than or equal to the trigger level, par; otherwise, investors will have full exposure to the index’s decline
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Initial level: | 349.23
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Trigger level: | 261.92, 75% of initial level
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Pricing date: | Sept. 28
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Settlement date: | Sept. 30
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Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
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Fees: | 2.5%
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Cusip: | 61765R503
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