By Susanna Moon
Chicago, Sept. 5 - Morgan Stanley priced $10.1 million of 0% Trigger Performance Leveraged Upside Securities due Aug. 31, 2016 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par of $10.00 plus 150% of any gain, up to a maximum payout of $15.125 per note.
If the fund finishes at or below the initial level but above the 85% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $10,104,040
|
| Maturity: | Aug. 31, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 51.25%; par if shares fall by up 15%; otherwise, full exposure to any losses
|
| Initial level: | $37.72
|
| Trigger level: | $32.062, 85% of initial level
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61762P435
|
© 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.
