By Angela McDaniels
Tacoma, Wash., June 22 – Morgan Stanley priced C$1.3 million of 0% Performance Leveraged Upside Securities due June 25, 2020 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 C$1,000 plus 225% of the index return. If the index return is negative, investors will be fully exposed to the decline.
Morgan Stanley & Co. International plc is the agent. It may distribute the notes through Morgan Stanley & Co. LLC, which may pay a fee equal to all or substantially all of the commissions to CAIS Capital LLC with respect to each note for which CAIS Capital acts as introducing broker.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P/TSX 60
|
| Amount: | C$1.3 million
|
| Maturity: | June 25, 2020
|
| Coupon: | 0%
|
| Price: | Par of C$1,000
|
| Payout at maturity: | If index return is positive, par plus 225% of index return; if index return is negative, full exposure to decline
|
| Initial index level: | 859.52
|
| Pricing date: | June 18
|
| Settlement date: | June 25
|
| Underwriter: | Morgan Stanley & Co. International plc
|
| Fees: | 0.77%
|
| ISIN: | XS1252773814
|
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