By Toni Weeks
San Diego, Jan. 24 - Morgan Stanley priced $1.7 million of 0% lookback entry participation securities due Jan. 25, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial level will be set at the lowest index closing level during the six-month lookback period, subject to a maximum level of 1,492.56.
If the index return is positive, the payout at maturity will be par plus the index return.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Lookback entry participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.7 million
|
| Maturity: | Jan. 25, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; exposure to any losses
|
| Initial level: | Lowest index level during six-month lookback observation period from pricing to July 22, capped at 1,492.56
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61761JBR9
|
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