E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Performance Leveraged Upside Securities
Underlying basket:Gold and silver, equally weighted
Amount:$5,485,000
Maturity:Sept. 3, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any basket gain, capped at 9.3%; exposure to any losses
Initial levels:$1,326.50 for gold and 2,127¢ for silver
Pricing date:Feb. 28
Settlement date:March 5
Agent:Morgan Stanley & Co. LLC
Fees:1.5%
Cusip:61762GBC7

© 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.