By Toni Weeks
San Luis Obispo, Calif., Jan. 30 - Morgan Stanley priced $3.19 million of 0% trigger Performance Leveraged Upside Securities due Jan. 31, 2022 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 plus 206.5% of 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 to or below the 50% trigger level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Trigger Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $3.19 million
|
Maturity: | Jan. 31, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 206.5% of any index gain; par if index falls by less than 40%; full exposure to losses if index drops to or below trigger level
|
Initial index level: | 3,038.6
|
Trigger level: | 1,519.3, 50% of initial index level
|
Pricing date: | Jan. 28
|
Settlement date: | Jan. 31
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3.5%
|
Cusip: | 61761JNW5
|
© 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.