Published on 3/18/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.1 million PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., March 18 – Morgan Stanley priced $7.1 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index’s gain, subject to a maximum return of 16.1%.
Investors will be fully exposed to the losses if the index declines.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | S&P 500
|
Amount: | $7,096,970
|
Maturity: | July 6, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any index gain, capped at 16.1%; full exposure to any index decline
|
Initial level: | 2,027.22
|
Pricing date: | March 16
|
Settlement date: | March 21
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 61766A178
|
© 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.