Published on 3/4/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.59 million trigger PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, March 4 - Morgan Stanley priced $5.59 million of 0% trigger Performance Leveraged Upside Securities due March 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus any 1.9 times any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index drops below the 50% trigger.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,587,700
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Maturity: | March 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 190% of any index gain; par if index falls by 50% or less; full exposure to losses if index drops below trigger
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Initial index level: | 2,633.55
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Trigger level: | 1,316.775, 50% of initial index level
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61761M573
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