Published on 10/2/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.54 million PLUS linked to WisdomTree Japan fund
By Angela McDaniels
Tacoma, Wash., Oct. 2 – Morgan Stanley priced $7.54 million of 0% Performance Leveraged Upside Securities due Dec. 31, 2015 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 300% of the fund return, subject to a maximum return of 12.5%. If the fund return is negative, investors will have one-to-one exposure to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | WisdomTree Japan Hedged Equity Fund
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Amount: | $7,537,570
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Maturity: | Dec. 31, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If fund return is positive, par plus 300% of fund return, subject to 12.5% maximum return; if fund return is negative, one-to-one exposure to decline
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Initial share price: | $52.32
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.75%
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Cusip: | 61758S617
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