Published on 1/4/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.73 million PLUS linked to Russell 2000
By Devika Patel
Knoxville, Tenn., Jan. 4 – Morgan Stanley priced $2,725,850 of 0% Performance Leveraged Upside Securities due April 4, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the index, subject to a 17.3% maximum return. Investors will be exposed to any decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $2,725,850
|
| Maturity date: | April 4, 2017
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, up to 17.3% maximum return; exposure to any losses
|
| Initial index level: | 1,149.643
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61765U514
|
© 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.
