Published on 4/6/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $774,700 partially protected notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 6 – Morgan Stanley priced $774,700 of 0% equity-linked partial principal at risk securities due April 5, 2022 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 the index return, subject to a minimum payout of 90% of par and a maximum payout of 167% of par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | S&P 500
|
| Amount: | $774,700
|
| Maturity: | April 5, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus index return, subject to minimum payout of $9.00 and maximum payout of $16.70
|
| Initial index level: | 2,067.89
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61764V364
|
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