By Susanna Moon
Chicago, Oct. 8 - Morgan Stanley priced $3.1 million of 0% trigger performance securities due Oct. 11, 2018 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 $10 plus 145.75% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $3.1 million
|
| Maturity: | Oct. 11, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 145.75% of any index gain; par if index falls by up to 25%; full exposure to losses from initial level if index finishes below trigger level
|
| Initial index level: | 1,690.50
|
| Trigger level: | 1,267.88, 75% of initial level
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 9
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61762W315
|
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