New Issue: Morgan Stanley prices $1.17 million trigger PLUS tied to S&P, Russell

By Marisa Wong

Morgantown, W.Va., Dec. 9 – Morgan Stanley priced $1.17 million of 0% trigger Performance Leveraged Upside Securities due Nov. 30, 2020 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes finish above their initial levels, the payout at maturity will be par plus 1.65 times the gain of the worse performing index. If either index falls but both indexes finish above the trigger level, 65% of the initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worse performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,169,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish above their initial levels, par plus 1.65 times the gain of the worse performing index; either index falls but both indexes finish above the trigger level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	2,089.14 for S&P 500, 1,188.814 for Russell
Trigger level:	1,357.941 for S&P 500, 772.729 for Russell; 65% of initial levels
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	61761JP29

© 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.