Published on 8/5/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.28 million PLUS linked to S&P MidCap 400
By Angela McDaniels
Tacoma, Wash., Aug. 5 – Morgan Stanley priced $1.28 million of 0% Performance Leveraged Upside Securities due Nov. 3, 2016 linked to the S&P MidCap 400 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 300% of the index return, subject to a maximum return of 10.25%. Investors will be exposed to losses if the index declines.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | S&P MidCap 400
|
Amount: | $1,275,150
|
Maturity: | Nov. 3, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 10.25%; full exposure to any index decline
|
Initial index level: | 1,502.89
|
Pricing date: | July 31
|
Settlement date: | Aug. 5
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 61765G556
|
© 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.