Published on 8/25/2009 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.41 million capital-protected notes linked to BRIC currencies
By Angela McDaniels
Tacoma, Wash., Aug. 25 - Morgan Stanley priced $6.41 million of zero-coupon capital-protected notes due May 31, 2012 linked to the performance of a basket of currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.
The payout at maturity will be par plus 115% of any appreciation in the basket relative to the dollar. If the basket depreciates relative to the dollar, the payout will be par.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Capital-protected notes
|
Underlying currencies: | Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
|
Amount: | $6,406,000
|
Maturity: | May 31, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 115% of any basket appreciation relative to dollar; floor of par
|
Initial exchange rates: | 1.8339 reais per dollar; 31.5688 rubles per dollar; 48.50 rupees per dollar; 6.8309 renminbi per dollar
|
Pricing date: | Aug. 24
|
Settlement date: | Aug. 31
|
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.