By Angela McDaniels
Tacoma, Wash., Oct. 30 – Morgan Stanley priced $2.32 million of 0% trigger performance securities due Oct. 31, 2019 linked to the S&P/TSX 60 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 163.13% of the index return.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.
Issuer: | Morgan Stanley
|
Issue: | Trigger performance securities
|
Underlying index: | S&P/TSX 60
|
Amount: | $2,320,500
|
Maturity: | Oct. 31, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par plus 163.13% of index return; if index return is zero or negative and index’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in index from initial level
|
Initial level: | 848.69
|
Trigger level: | 636.52, 75% of initial level
|
Pricing date: | Oct. 28
|
Settlement date: | Oct. 31
|
Agent: | Morgan Stanley & Co. LLC
|
Dealer: | UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 61764C309
|
© 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.