New Issue: Morgan Stanley prices $3.96 million buffered PLUS tied to indexes, ETF

By Jennifer Chiou

New York, Feb. 20 - Morgan Stanley priced $3,959,630 of 0% buffered Performance Leveraged Upside Securities due Aug. 20, 2018 linked to a basket of three indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 30% weight, the Dow Jones industrial average with a 30% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Russell 2000 index with a 20% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 105% of the basket return.

Investors will receive par if the basket falls by up to 17% and will lose 1% for every 1% that it declines beyond 17%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying basket:	Euro Stoxx 50 index (30% weight), Dow Jones industrial average (30% weight), iShares MSCI Emerging Markets ETF (20% weight) and Russell 2000 index (20% weight)
Amount:	$3,959,630
Maturity:	Aug. 20, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 105% of basket return; par if basket falls by up to 17%; 1% loss for every 1% that basket declines beyond 17%
Initial levels:	3,119.06 for Euro Stoxx 50; 16,154.39 for Dow Jones industrials; $39.66 for ETF; 1,149.21 for Russell 2000
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61760S33

© 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.