Published on 8/25/2008 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $3.54 million protected notes linked to Radar Logic Residential Property
By Susanna Moon
Chicago, Aug. 25 - Morgan Stanley priced $3.54 million of zero-coupon capital-protected notes due Jan. 5, 2011 linked to the Radar Logic Residential Property index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 180% of any basket gain. Investors will receive at least par.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Capital-protected notes
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Underlying index: | Radar Logic Residential Property index
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Amount: | $3,543,000
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Maturity: | Jan. 5, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 180% of any basket gain; floor of par
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Initial index level: | 230.48
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Pricing date: | Aug. 22
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Settlement date: | Aug. 29
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Agent: | Morgan Stanley & Co. Inc.
|
Fees: | 2%
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