By Jennifer Chiou
New York, Nov. 15 - Morgan Stanley priced $2 million of 0% buffered Performance Leveraged Upside Securities due Nov. 17, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $1,000 plus 150% of any index gain, up to a maximum return of $1,259 per note.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity: | Nov. 17, 2014
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 25.9%; par if index falls by 20% or less; 1.25% loss per 1% drop beyond 20%
|
| Initial level: | 1,374.53
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61761JAA7
|
© 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.
