Published on 5/4/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $27.45 million trigger performance notes on Euro Stoxx 50
By Susanna Moon
Chicago, May 4 – Morgan Stanley priced $27.45 million of 0% trigger performance securities due April 30, 2025 linked to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of 208.31% of any index gain.
If the index finishes at or above the trigger level, 65% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as agent.
Issuer: | Morgan Stanley
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $27,446,330
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Maturity: | April 30, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 208.31% of any index gain; if falls by up to 35%, par; otherwise, full exposure to any losses
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Initial level: | 3,715.42
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Trigger level: | 2,415.02, 65% of initial level
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Pricing date: | April 28
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Settlement date: | April 30
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Underwriter: | Morgan Stanley & Co. LLC
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Agent: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61764V695
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