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 10/1/2012 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $7.6 million PLUS linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 1 - Morgan Stanley priced $7.6 million of 0% Performance Leveraged Upside Securities due Oct. 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 14.5%. Investors will be exposed to any decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$7.6 million
Maturity:Oct. 30, 2013
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than initial index level, par plus 300% of index return, subject to maximum return of 14.5%; exposure to losses
Initial index level:1,447.15
Pricing date:Sept. 27
Settlement date:Oct. 2
Agent:Morgan Stanley & Co. LLC
Fees:2%
Cusip:61755S628

© 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.