Published on 3/5/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $24.63 million dual directional trigger PLUS on Euro Stoxx 50
By Susanna Moon
Chicago, March 5 - Morgan Stanley priced $24.63 million of 0% dual directional Trigger Performance Leveraged Upside Securities due Aug. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 140% of any index gain.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Dual directional Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $24,634,850
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 140% of any index gain; if index falls by up 35%, par plus absolute value of return; otherwise, full exposure to any losses
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Initial level: | 3,149.23
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Trigger level: | 2,047, 65% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61760S241
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