Published on 4/17/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.6 million PLUS linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., April 17 – Morgan Stanley priced $1.6 million of 0% Performance Leveraged Upside Securities due Aug. 3, 2018 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum return of 17.3%. If the index return is negative, investors will be exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Russell 2000
|
Amount: | $1,598,630
|
Maturity: | Aug. 3, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 17.3% maximum return; if index return is negative, exposure to decline
|
Initial level: | 1,345.244
|
Pricing date: | April 13
|
Settlement date: | April 19
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 61766A715
|
© 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.