By Susanna Moon
Chicago, June 17 – Morgan Stanley priced $3.56 million 0% trigger Performance Leveraged Upside Securities due Sept. 17, 2020 linked to a basket of indexes and exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Hang Seng China Enterprises index with a 12.5% weight, the Hang Seng index with a 12.5% weight, the Topix index with a 25% weight, the WisdomTree India Earnings Fund with a 25% weight and the iShares MSCI Emerging Markets ETF with a 25% weight.
The payout at maturity will be par of $10 plus 120% of any basket gain.
Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if the basket finishes below the 75% trigger level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying basket: | Hang Seng China Enterprises index (12.5% weight), the Hang Seng index (12.5% weight), the Topix index (25% weight), the WisdomTree India Earnings Fund (25% weight) and the iShares MSCI Emerging Markets ETF (25% weight)
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| Amount: | $3,555,000
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| Maturity: | Sept. 17, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 120% of any basket gain; par if basket falls by up to 25%; full exposure to any losses if basket finishes below trigger level
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| Trigger level: | 75% of initial level
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| Pricing date: | June 12
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| Settlement date: | June 17
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 61765G416
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