New Issue: Morgan Stanley prices $2.11 million PLUS linked to three stocks

By Angela McDaniels

Tacoma, Wash., Sept. 3 – Morgan Stanley priced $2.11 million of 0% Performance Leveraged Upside Securities due Dec. 5, 2016 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the stocks of Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co.

If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 16.5%. If the basket return is negative, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying stocks:	Bank of America Corp. (Symbol: BAC), Citigroup Inc. (Symbol: C) and JPMorgan Chase & Co. (Symbol: JPM), equally weighted
Amount:	$2.11 million
Maturity:	Dec. 5, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 300% of basket return, up to 16.5% maximum return; if basket return is negative, full exposure to decline
Initial share prices:	$16.34 for Bank of America, $53.48 for Citigroup and $64.10 for JPMorgan
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61765G812

© 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.