Published on 2/19/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.73 million jump notes linked to S&P 500
By Tali Rackner
Norfolk, Va., Feb. 19 – Morgan Stanley priced $1.73 million of 0% jump securities due Feb. 15, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par the upside payment of 21.75%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Jump securities
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| Underlying index: | S&P 500
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| Amount: | $1,732,540
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| Maturity: | Feb. 15, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index finishes at or above initial level, par plus 21.75%; if index finishes below initial level, full exposure to decline
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| Initial index level: | 1,864.78
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61765U779
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