By Toni Weeks
San Luis Obispo, Calif., Sept. 18 - Morgan Stanley priced $3.3 million of 0% trigger Performance Leveraged Upside Securities due Sept. 19, 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 140% of any fund gain, up to a maximum return of 50%.
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. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $3,303,620
|
| Maturity: | Sept. 19, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any fund gain, capped at 50%; par if fund falls by less than 20%; full exposure to losses if fund drops to or below trigger level
|
| Initial price: | $47.55
|
| Trigger level: | $38.04, 80% of initial price
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 19
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 61762P864
|
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