By Susanna Moon
Chicago, July 2 - Morgan Stanley priced $2.4 million of 0% trigger Performance Leveraged Upside Securities due July 3, 2018 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 any 120% of index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index drops below the 50% trigger.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $2.4 million
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Maturity: | July 3, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any index gain; par if index falls by 50% or less; full exposure to losses if index drops below trigger
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Initial index level: | 1,606.28
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Trigger level: | 803.14, 50% of initial index level
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61762E802
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