Published on 6/25/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8.61 million trigger PLUS on WisdomTree Japan
By Marisa Wong
Madison, Wis., June 25 - Morgan Stanley priced $8.61 million of 0% trigger Performance Leveraged Upside Securities due June 26, 2015 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 150% of any fund gain, up to a maximum return of $12.65 per note.
Investors will receive par if the shares fall by up to 30% and will be fully exposed to any losses if the fund falls below the 70% trigger level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $8,613,540
|
| Maturity: | June 26, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 26.5%; par if shares fall by up to 30%; full exposure to any losses if fund falls below trigger level
|
| Initial price: | $45.32
|
| Trigger price: | $31.724, 70% of initial price
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61762E752
|
© 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.
