New Issue: Morgan Stanley prices $370,432 call warrants linked to Euro Stoxx 50

By Susanna Moon

Chicago, Sept. 4 – Morgan Stanley priced $370,432 of European-style cash-settled call warrants expiring Aug. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The 2,954 warrants have a notional amount of $1,000 each. The price is $125.40 per warrant, or 12.54% of the notional amount. The minimum purchase requirement is 80 warrants.

The warrants will be automatically exercised on the expiration date. If the index finishes above the initial index level, the cash settlement amount will be $1,000 multiplied by the index return. Otherwise, investors will lose their entire initial investments in the warrants.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Morgan Stanley
Issue:	Call warrants
Underlying index:	Euro Stoxx 50
Warrants:	2,954
Notional amount:	$1,000 each
Price:	$125.40 each, or $370,431.60 total
Expiration date:	Aug. 28, 2018
Payout:	If index gains, par plus index return; otherwise, nothing
Initial index level:	3,286.59
Pricing date:	Aug. 28
Settlement date:	Sept. 2
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	$6.50 per warrant
Cusip:	61761JH77

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.