Published on 12/1/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.4 million PLUS linked to WisdomTree Japan
By Marisa Wong
Madison, Wis., Dec. 1 – Morgan Stanley priced $3.4 million of 0% Performance Leveraged Upside Securities due Feb. 29, 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 plus double any fund gain, capped at a maximum return of 16%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $3,395,760
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| Maturity: | Feb. 29, 2016
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any fund gain, return capped at 16%; investors will be exposed to any losses
|
| Initial price: | $54.67
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61764C796
|
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