By Susanna Moon
Chicago, Aug. 20 - Morgan Stanley priced $5 million of 0% trigger Performance Leveraged Upside Securities due Aug. 21, 2015 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 35% weight, the Euro Stoxx 50 index with a 35% weight and the shares of the Vanguard FTSE Emerging Markets ETF with a 30% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 20%.
Investors will receive par if the basket falls by up to 29% and will be fully exposed to any losses if the basket finishes at or below the 71% trigger level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying basket: | Russell 2000 index (35% weight), Euro Stoxx 50 index (35% weight) and Vanguard FTSE Emerging Markets ETF (30% weight)
|
| Amount: | $5 million
|
| Maturity: | Aug. 21, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at 20%; par if basket falls by less than 29%; full exposure to losses if basket drops to or below trigger level
|
| Initial levels: | 1,024.30 for Russell, 2,854.27 for Euro Stoxx and $39.27 for Vanguard FTSE EM
|
| Trigger level: | 71% of initial basket level
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 1.125%
|
| Cusip: | 61762P617
|
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