Published on 5/18/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.14 million PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 18 – Morgan Stanley priced $2.14 million of 0% Performance Leveraged Upside Securities due Sept. 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 24.15%. If the index return is negative, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,141,460
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Maturity: | Sept. 6, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 24.15% maximum return; if index declines, full exposure to decline
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Initial level: | 2,956.63
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Pricing date: | May 13
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Settlement date: | May 18
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61766A335
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