Published on 6/6/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1 million trigger jump notes on Russell, S&P
By Angela McDaniels
Tacoma, Wash., June 6 - Morgan Stanley priced $1 million of 0% trigger jump securities due May 31, 2018 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index's final level is greater than or equal to its downside threshold, the payout at maturity will be par of $10 plus 60.45%. Each index's downside threshold is 80% of its initial level.
If the final level of either index is less than its downside threshold, investors will lose 1% for each 1% that the worst-performing index's final level is below its initial level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Trigger jump securities
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $1 million
|
Maturity: | May 31, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If each index's final level is greater than or equal to downside threshold, par plus 60.45%; if final level of either index is less than downside threshold, 1% loss for each 1% that worst-performing index's final level is below initial level
|
Initial index levels: | 1,640.42 for S&P 500 and 990.54 for Russell 2000
|
Downside thresholds: | 1,312.336 for S&P 500 and 792.424 for Russell 2000; 80% of initial levels
|
Pricing date: | June 4
|
Settlement date: | June 7
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.35%
|
Cusip: | 61762E588
|
© 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.