By Marisa Wong
Madison, Wis., Jan. 16 – Morgan Stanley priced $2.5 million of 0% Performance Leveraged Upside Securities due Sept. 5, 2017 linked to the S&P GSCI Crude Oil Index - Excess Return, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 76%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P GSCI Brent Crude Index – Excess Return
|
| Amount: | $2.5 million
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| Maturity: | Sept. 5, 2017
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 200% of index gain, capped at 76%; exposure to any losses
|
| Initial index level: | 252.7290
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 21
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
|
| Cusip: | 61762GCW2
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