By Angela McDaniels
Tacoma, Wash., Jan. 29 – Morgan Stanley prices $3.27 million of 0% trigger return optimization securities due Jan. 31, 2018 linked to the WisdomTree India Earnings Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 1.5 times the fund return, subject to a maximum return of 39%.
If the fund return is zero or negative but the final share price is greater than or equal to the trigger level, 80% of the initial share price, the payout will be par.
If the final share price is less than the trigger level, investors will have full exposure to the fund’s decline.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | WisdomTree India Earnings Fund
|
| Amount: | $3,266,000
|
| Maturity: | Jan. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 1.5 times fund return, subject to maximum return of 39%; if fund return is zero or negative but final share price is greater than or equal to trigger level, par; if final share price is less than trigger level, full exposure to fund’s decline
|
| Initial share price: | $24.10
|
| Trigger level: | $19.28, 80% of initial price
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61764M695
|
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