By Susanna Moon
Chicago, Oct. 1 – Morgan Stanley priced $5 million of 0% Performance Leveraged Upside Securities due Jan. 4, 2016 linked to WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 14.9%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Fund: | WisdomTree Japan Hedged Equity fund
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| Amount: | $5 million
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| Maturity: | Jan. 4, 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 14.9%; exposure to any losses
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| Initial level: | $52.87
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| Pricing date: | Sept. 26
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| Settlement date: | Oct. 1
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61764C176
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