By Marisa Wong
Madison, Wis., Nov. 13 - Morgan Stanley priced $3 million of 0% trigger Performance Leveraged Upside Securities due Nov. 14, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any fund gain, up to a maximum return of 36.25%.
Investors will receive par if the shares fall by up to 20% and will be fully exposed to the decline if the fund falls to or below the 80% 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 fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $3 million
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Maturity: | Nov. 14, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 36.25%; par if fund falls by less than 20%; full exposure to losses if fund drops to or below trigger level
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Initial price: | $47.39
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Trigger level: | $37.912, 80% of initial price
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Pricing date: | Nov. 8
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Settlement date: | Nov. 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61762W547
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