New Issue: Morgan Stanley prices $3.8 million absolute return barrier notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Jan. 18 - Morgan Stanley priced $3,805,000 of zero-coupon 96% protected absolute return barrier notes due July 23, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index remains within 25% of its initial level during the life of the notes, the payout at maturity for each $10.00 note will be $9.60 plus 160% of the absolute value of the index return. The notes are subject to a maximum payment of 136%, or $13.60 per note.

If the index does not remain within 25% of its initial level, the payout will be $9.60 per note.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	96% protected absolute return barrier notes
Underlying index:	S&P 500
Amount:	$3,805,000
Maturity:	July 23, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index remains within the index range, 96% of par plus 125% of the absolute value of the index return; otherwise, 96% of par
Initial index level:	1,380.95
Index range:	1,035.713 to 1,726.188
Pricing date:	Jan. 15
Settlement date:	Jan. 23
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.75%

© 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.