By Susanna Moon
Chicago, Sept. 5 - Morgan Stanley priced $2.95 million of 0% dual directional trigger jump securities due Sept. 6, 2016 linked to WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial share price, the payout at maturity will be par plus the greater of any gain and the 10% upside payment.
If the fund finishes at or below the initial share price but at or above the 90% trigger level, the payout will be par plus the absolute value of the fund return.
If the fund finishes below the 90% trigger level, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Dual directional trigger jump securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $2,952,000
|
| Maturity: | Sept. 6, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If fund gains, par plus the greater of return and 10%; if fund falls by up to trigger level, par plus absolute value of fund return; otherwise, fully exposure to any losses
|
| Initial share price: | $43.89
|
| Trigger level: | $39.501, 90% of initial share price
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61762P724
|
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