Published on 8/20/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8.18 million PLUS linked to S&P 500
By Susanna Moon
Chicago, Aug. 20 - Morgan Stanley priced $8.18 million of 0% Performance Leveraged Upside Securities due Sept. 22, 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 $10 plus triple any index gain, up to a maximum return of $11.20 per note.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
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: | $8,183,600
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Maturity: | Sept. 22, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at 12%; exposure to any losses
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Initial index level: | 1,655.83
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Pricing date: | Aug. 16
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Settlement date: | Aug. 21
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 2%
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Cusip: | 61762P419
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