Published on 9/4/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $12.4 million PLUS linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 4 - Morgan Stanley priced $12.4 million of 0% Performance Leveraged Upside Securities due Sept. 27, 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 of $10 plus 300% of the index return, subject to a maximum return of 16%. If the final index level is less than the initial index level, investors will be fully exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $12.4 million
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Maturity: | Sept. 27, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final index level is greater than initial index level, par plus 300% of index return, subject to maximum return of 16%; otherwise, full exposure to index's decline
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Initial index level: | 1,399.48
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61755S487
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