Published on 1/23/2009 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.1 million PLUS linked to S&P 500
By Jennifer Chiou
New York, Jan. 23 - Morgan Stanley priced $6.1 million of 0% Performance Leveraged Upside Securities due July 29, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 54%. Investors will be fully exposed to any index decline.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | S&P 500
|
Amount: | $6.1 million
|
Maturity: | July 29, 2010
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any index gain, up to maximum return of 54%; full exposure to any index decline
|
Initial index level: | 827.50
|
Pricing date: | Jan. 22
|
Settlement date: | Jan. 29
|
Agent: | Morgan Stanley & Co. Inc.
|
Fees: | 1.25%
|
© 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.