Published on 8/5/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.95 million trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, Aug. 5 – Morgan Stanley priced $5.95 million of 0% trigger Performance Leveraged Upside Securities due Aug. 4, 2021 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 135% of any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Trigger Performance Leveraged Upside Securities
|
Underlying index: | S&P 500
|
Amount: | $5,950,400
|
Maturity: | Aug. 4, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 135% of any index gain; par if index falls by up to 35%; full exposure to any losses if index finishes below trigger level
|
Initial level: | 2,103.84
|
Trigger level: | 1,367.496, 65% of the initial price
|
Pricing date: | July 31
|
Settlement date: | Aug. 5
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3%
|
Cusip: | 61765G531
|
|
|
© 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.