Published on 3/6/2017 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.04 million PLUS linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., March 6 – Morgan Stanley priced $3.04 million of 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 300% of the index gain, up to a maximum return of 17.15%.
Investors will be fully exposed to any index decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $3,044,830
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Maturity: | June 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 17.15%; full exposure to any losses
|
Initial index level: | 1,386.684
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61766A657
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