By Angela McDaniels
Tacoma, Wash., June 6 - Morgan Stanley priced $2 million of 0% trigger jump securities due May 31, 2016 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index's final level is greater than or equal to its initial level, the payout at maturity will be par of $10 plus 45.33%.
If the final level of either index is less than its initial level but the final level of each index is greater than or equal to its downside threshold, the payout will be par. Each index's downside threshold is 80% of its initial level.
If the final level of either index is less than its downside threshold, investors will lose 1% for each 1% that the worst-performing index's final level is below its initial level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Trigger jump securities
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $2 million
|
Maturity: | May 31, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If each index's final level is greater than or equal to initial level, par plus 45.33%; if final level of either index is less than initial level but final level of each index is greater than or equal to downside threshold, par; if final level of either index is less than downside threshold, 1% loss for each 1% that worst-performing index's final level is below initial level
|
Initial index levels: | 1,640.42 for S&P 500 and 990.54 for Russell 2000
|
Downside thresholds: | 1,312.336 for S&P 500 and 792.424 for Russell 2000; 80% of initial levels
|
Pricing date: | June 4
|
Settlement date: | June 7
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.35%
|
Cusip: | 61762E620
|
© 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.