By Susanna Moon
Chicago, Dec. 4 – Morgan Stanley priced $4.41 million of 0% trigger Performance Leveraged Upside Securities due Nov. 30, 2017 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus double the gain, up to a maximum return of 62%.
If the fund falls by up to the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying fund: | iShares U.S. Real Estate ETF
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Amount: | $4,410,620
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Maturity: | Nov. 30, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any fund gain, capped at 62%; if fund falls by up to trigger level, par; otherwise, full exposure to any losses
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Initial level: | $77.02
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Trigger level: | $65.467, 85% of initial level
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Pricing date: | Nov. 28
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Settlement date: | Dec. 3
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 2.5%
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Cusip: | 61764C606
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