Published on 10/2/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $13.47 million PLUS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., Oct. 2 - Morgan Stanley priced $13.47 million of 0% Performance Leveraged Upside Securities due Oct. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum payment of $11.10 per $10 principal amount.
Investors will be fully exposed to any losses.
Morgan Stanley is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | S&P 500
|
Amount: | $13,469,260
|
Maturity: | Oct. 31, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any gain in the index, up to a maximum return of 11%; full exposure to any losses
|
Initial level: | 1,681.55
|
Pricing date: | Sept. 30
|
Settlement date: | Oct. 3
|
Agent: | Morgan Stanley & Co. LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 2%
|
Cusip: | 61762P773
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.