E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/3/2014 in the Prospect News Structured Products Daily.

Morgan Stanley plans to price trigger PLUS linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Nov. 3 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due November 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 30%. If the final index level is less than or equal to the initial index level but is greater than the trigger level, 85% of the initial index level, the payout will be par. If the final index level is less than or equal to the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Morgan Stanley & Co. LLC is the agent.

The notes will price in November and settle in December.

The Cusip number is 61764C580.


© 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.