By Marisa Wong
Madison, Wis., Nov. 27 - Morgan Stanley priced $12.18 million of 0% Buffered Performance Leveraged Upside Securities due Dec. 3, 2018 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 87.75%.
Investors will receive par if the index falls by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $12.18 million
|
| Maturity: | Dec. 3, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 87.75%; par if index falls by up to 25%; 1.3333% loss for every 1% decline beyond 25%
|
| Initial index level: | 1,134.53
|
| Pricing date: | Nov. 26
|
| Settlement date: | Dec. 2
|
| Underwriters: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61761JNH8
|
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