By Susanna Moon
Chicago, Aug. 3 – Morgan Stanley priced $13.81 million of 0% trigger performance securities due July 31, 2020 linked to the Euro Stoxx Mid index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 147.5% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley
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| Issue: | Trigger performance securities
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| Underlying index: | Euro Stoxx Mid
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| Amount: | $13,805,500
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| Maturity: | July 31, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 147.5% of any index gain; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
|
| Initial level: | 385.99
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| Trigger level: | 289.49, 75% of initial level
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| Pricing date: | July 29
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| Settlement date: | July 31
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61765G671
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