By Susanna Moon
Chicago, Dec. 2 – Morgan Stanley priced $1.1 million of 0% market plus notes due May 31, 2017 linked to the Stoxx Europe 600 Real Estate index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the 87% knock-out level.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the contingent minimum return of 0% and the index return.
If a knock-out event occurs, the payout will be par plus the index return, with full exposure to any losses.
Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | Morgan Stanley
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| Issue: | Market plus notes
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| Underlying index: | Stoxx Europe 600 Real Estate index
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| Amount: | $1.1 million
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| Maturity: | May 31, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index falls by more than 13%, full exposure to any losses; otherwise, par plus any index gain with floor of par
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| Initial index level: | 194.03
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| Knock-out level: | 87% of initial level
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 25
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 61761JQ85
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