Published on 10/22/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.5 million jump notes linked to S&P GSCI Crude Oil
By Angela McDaniels
Tacoma, Wash., Oct. 22 – Morgan Stanley priced $1.5 million of 0% jump securities due Jan. 25, 2017 linked to the S&P GSCI Crude Oil Index – Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 27.75%. If the index finishes below the initial level, investors will be fully exposed to the decline.
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 GSCI Crude Oil Index – Excess Return
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Amount: | $1,503,000
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Maturity: | Jan. 25, 2017
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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 27.75%; if index finishes below initial level, full exposure to decline
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Initial index level: | 214.8592
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Pricing date: | Oct. 20
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Settlement date: | Oct. 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61762GFC3
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