Published on 2/23/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1 million market-linked notes on S&P 500
By Marisa Wong
Madison, Wis., Feb. 23 – Morgan Stanley priced $1 million of 0% market-linked notes due Feb. 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 54%.
The minimum payout is 108% of par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying index: | S&P 500
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Amount: | $1 million
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Maturity: | Feb. 24, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 54%; floor of 108% of par
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Initial index level: | 2,097.45
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Pricing date: | Feb. 19
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Settlement date: | Feb. 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.43%
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Cusip: | 61761JWZ8
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