Published on 3/5/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.49 million PLUS linked to gold and silver
By Susanna Moon
Chicago, March 5 - Morgan Stanley priced $5.49 million of 0% Performance Leveraged Upside Securities due Sept. 3, 2014 linked to a basket of two equally weighted precious metals, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying assets are gold and silver.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 9.3%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying basket: | Gold and silver, equally weighted
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Amount: | $5,485,000
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Maturity: | Sept. 3, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any basket gain, capped at 9.3%; exposure to any losses
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Initial levels: | $1,326.50 for gold and 2,127¢ for silver
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Pricing date: | Feb. 28
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Settlement date: | March 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61762GBC7
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