Published on 9/3/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.4 million Buffered PLUS linked to Euro Stoxx
New York, Sept. 3 – Morgan Stanley priced $2.4 million of 0% Buffered Performance Leveraged Upside Securities due June 5, 2017 tied to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 122% of the index return. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline in the index beyond 15%.
Morgan Stanley & Co. LLC is the underwriter.
Issuer: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,396,000
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Maturity: | June 5, 2017
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index return is positive, par plus 122% of index return; par if index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
|
Initial index level: | 3,172.63
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Underwriters: | Morgan Stanley & Co. LLC
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Fees: | 0.8760434%
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Cusip: | 61761JSS9
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