New Issue: Morgan Stanley sells $2.22 million PLUS with cap linked to SPDR S&P Oil

By Susanna Moon

Chicago, Nov. 18 – Morgan Stanley priced $2.22 million of 0% Performance Leveraged Upside Securities due Feb. 16, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 35.75%.

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:	$2,218,640
Maturity date:	Feb. 16, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any fund gain, capped at 35.75%; exposure to any losses
Initial level:	$36.65
Pricing date:	Nov. 13
Settlement date:	Nov. 18
Agent:	Morgan Stanley & Co. LLC
Fees:	1.75%
Cusip:	61765U100

© 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.