Published on 3/18/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.1 million trigger jump securities on Facebook
By Marisa Wong
Madison, Wis., March 18 – Morgan Stanley priced $2.1 million of 0% trigger jump securities due March 16, 2017 linked to the Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial price, the payout at maturity will equal par plus 29%.
Investors will receive par if the stock falls by up to 10% and will be fully exposed to any losses if the stock finishes below the 90% downside threshold level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying stock: | Facebook, Inc. (Nasdaq: FB)
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Amount: | $2,098,500
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Maturity: | March 16, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock finishes at or above its initial price, par plus 29%; par if the stock falls by up to 10%; full exposure to any losses if the stock finishes below downside threshold price
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Initial share price: | $78.05
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Downside threshold: | $70.245, 90% of initial share price
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Pricing date: | March 13
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Settlement date: | March 18
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61764V414
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