Published on 12/9/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1 million PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Dec. 9 – Morgan Stanley priced $1 million of 0% Performance Leveraged Upside Securities due Nov. 30, 2018 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 133% of the index return. Investors will be fully exposed to any index decline.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Nov. 30, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 133% of index return; full exposure to losses
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| Initial index level: | 2,089.14
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Underwriters: | Morgan Stanley & Co. LLC
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| Fees: | 2.35%
|
| Cusip: | 61761JQ93
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