By Jennifer Chiou
New York, July 2 – Morgan Stanley priced $8,108,000 of 0% enhanced trigger jump securities due Aug. 4, 2015 linked to West Texas Intermediate light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the percent change in the price of oil is greater than negative 15%, the payout at maturity will be par plus the greater of the percent change and 8.8%.
If the percent change in the price of oil is less than or equal to negative 15%, investors will lose 1% for every 1% that the final oil price is less than the initial price.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Enhanced trigger jump securities
|
| Underlying commodity: | West Texas Intermediate light sweet crude oil
|
| Amount: | $8,108,000
|
| Maturity: | Aug. 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If percent change in oil price is greater than negative 15%, par plus greater of percent change and 8.8%; otherwise, full exposure to losses from initial oil price
|
| Initial price: | $105.37
|
| Pricing date: | June 30
|
| Settlement date: | July 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 61762GBU7
|
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