Published on 8/20/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.91 million trigger PLUS linked to Euro Stoxx
By Susanna Moon
Chicago, Aug. 20 - Morgan Stanley priced $2.91 million of 0% trigger Performance Leveraged Upside Securities due May 22, 2017 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 1.65 times any index gain.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index drops to or below the 85% trigger level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,907,000
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Maturity: | May 22, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 165% of any index gain; par if index falls by less than 15%; full exposure to losses if index drops to or below trigger level
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Initial index level: | 2,854.27
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Trigger level: | 2,426.13, or 85% of initial index level
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Pricing date: | Aug. 16
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Settlement date: | Aug. 21
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 3%
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Cusip: | 61762P609
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