New Issue: Morgan Stanley prices $3.47 million capped leveraged buffered notes on index basket

By Wendy Van Sickle

Columbus, Ohio, June 28 – Morgan Stanley priced $3.47 million of 0% capped leveraged buffered notes due June 28, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 1.5 times any basket gain up to a maximum settlement amount of $1,306 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Capped leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$3.47 million
Maturity:	June 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 150% of index return, subject to maximum settlement amount of $1,306 per $1,000 principal amount; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial levels:	2,776.09 for Euro Stoxx 50; 6,138.69 for FTSE 100; 1,204.48 for Topix: 7,747.18 for Swiss Market and 5,113.181 for S&P/ASX 200
Buffer level:	90% of initial level
Pricing date:	June 24
Settlement date:	July 1
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61761J3B3

© 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.