By Wendy Van Sickle
Columbus, Ohio, March 20 – Morgan Stanley priced $4.38 million of 0% Performance Leveraged Upside Securities due July 5, 2018 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payout of $11.815 per PLUS.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | WisdomTree Japan Hedged Equity Fund
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Amount: | $4,380,080
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Maturity: | July 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any fund gain, capped at 18.15%; exposure to any losses
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Initial level: | $51.86
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Pricing date: | March 15
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Settlement date: | March 20
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 61766A681
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