Published on 1/5/2016 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8.76 million trigger performance notes on Stoxx
By Susanna Moon
Chicago, Jan. 5 – Morgan Stanley priced $8.76 million of 0% trigger performance securities due Jan. 6, 2026 linked to the Euro Stoxx 50, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 189% of any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
Issuer: | Morgan Stanley
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Issue: | Trigger performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $8,763,530
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Maturity: | Dec. 31, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 189% of any index gain; par if index falls by up to 35%; full exposure to losses from initial level if index falls below trigger level
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Initial level: | 3,314.28
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Trigger level: | 2,154.28, 65% of initial level
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Pricing date: | Dec. 29
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Settlement date: | Dec. 31
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Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61765U290
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