New Issue: Morgan Stanley prices $7.45 million PLUS linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Morgan Stanley priced $7.45 million of 0% Performance Leveraged Upside Securities due Feb. 2, 2017 based on the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 33.15%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$7,450,710
Maturity:	Feb. 2, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any fund gain, return capped at 33.15%; full exposure to any losses
Initial price:	$37.08
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61765R776

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.