By Toni Weeks
San Luis Obispo, Calif., May 2 - Morgan Stanley priced $2.15 million of 0% trigger Performance Leveraged Upside Securities due April 30, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, subject to a maximum return of 50%.
Investors will receive par if the share price falls by up to 15% and will be fully exposed to losses if the fund drops to or below the 85% trigger level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,151,790
|
| Maturity: | April 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, with maximum return of 50%; par if fund falls by less than 15%; full exposure to losses if fund drops to or below trigger level
|
| Initial price: | $41.33
|
| Trigger level: | $35.131, 85% of initial share price
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 61760S720
|
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