New Issue: Morgan Stanley prices $1.31 million trigger step notes tied to Stoxx 50

By Susanna Moon

Chicago, March 1 – Morgan Stanley priced $1.31 million of 0% trigger step performance securities due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step return, which will be 42.65%, and the index return.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.

Issuer:	Morgan Stanley
Issue:	Trigger step performance securities
Underlying index:	Euro Stoxx 50
Amount:	$1,305,000
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of 42.65% and return; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
Initial index level:	2,877.42
Trigger level:	2,158.07, 75% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 29
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	3%
Cusip:	61765U852

© 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.