New Issue: Morgan Stanley sells $2.58 million protected absolute return notes tied to iShares MSCI EAFE

By Susanna Moon

Chicago, Aug. 25 - Morgan Stanley priced $2.58 million of zero-coupon protected absolute return barrier notes due Aug. 29, 2011 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund price stays within a specified range of its initial level during the life of the notes, the payout at maturity will be par of $10 plus the absolute value of the return. Otherwise, investors will receive par.

The lower barrier of the range is 83% of the initial share price, and the upper barrier is 127% of the initial price.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Protected absolute return barrier notes
Underlying fund:	iShares MSCI EAFE index fund
Amount:	$2,584,800
Maturity:	Aug. 29, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If fund stays within range, par plus absolute value of return; otherwise, par
Initial share price:	$52.34
Range:	$43.4422, or 83% of initial share price, to $66.4718, or 127% of initial price
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.