New Issue: Morgan Stanley prices $1.2 million trigger PLUS tied to S&P 500 index

By Toni Weeks

San Diego, Oct. 13 - Morgan Stanley priced $1.2 million of 0% trigger Performance Leveraged Upside Securities due Oct. 14, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 207% of any index gain.

Investors will receive par if the index falls up to 40% and will be fully exposed to losses from the initial level if it drops more than 40%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$1.2 million
Maturity date:	Oct. 14, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 207% of gain in index; par if index falls by up to 40%; par plus index return with full exposure to losses if index falls more than 40%
Initial level:	1,195.54
Trigger level:	717.324, 60% of initial level
Pricing date:	Oct. 11
Settlement date:	Oct. 14
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	617482YY4

© 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.