Published on 8/24/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.1 million PLUS linked to eight stocks
By Angela McDaniels
Tacoma, Wash., Aug. 24 – Morgan Stanley priced $3.1 million of 0% Performance Leveraged Upside Securities due Aug. 25, 2017 linked to an equally weighted basket of eight common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Bed Bath & Beyond Inc., Home Depot, Inc., Trex Co., Inc., Mohawk Industries, Inc., Masonite International Corp., D.R. Horton, Inc., Zillow Group, Inc. and SolarCity Corp.
If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, up to a maximum return of 25%. If the basket return is negative, investors will be fully to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying stocks: | Bed Bath & Beyond Inc., Home Depot, Inc., Trex Co., Inc., Mohawk Industries, Inc., Masonite International Corp., D.R. Horton, Inc., Zillow Group, Inc. and SolarCity Corp., equally weighted
|
Amount: | $3.1 million
|
Maturity: | Aug. 25, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 300% of basket return, up to 25% maximum return; if basket return is negative, full exposure to decline
|
Pricing date: | Aug. 20
|
Settlement date: | Aug. 25
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.4%
|
Cusip: | 61761JF95
|
© 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.