By Marisa Wong
Madison, Wis., Aug. 2 - Morgan Stanley priced $783,000 of 10% fixed income autocallable securities due Aug. 5, 2014 linked to the common stock of LinkedIn Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If LinkedIn stock closes at or above the initial price on any of the first three quarterly determination dates, the notes will be automatically called at par plus the coupon.
If the notes are not called, the payout at maturity will be par plus the coupon unless the final share price is less than the downside threshold level, 68% of initial price, in which case investors will receive a number of LinkedIn shares equal to $10 divided by the initial share price or, at the issuer's option, a cash amount equal to the value of those shares.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Fixed income autocallable securities
|
| Underlying stock: | LinkedIn Corp. (Symbol: LNKD)
|
| Amount: | $783,000
|
| Maturity: | Aug. 5, 2014
|
| Coupon: | 10%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless final share price is less than downside threshold level, in which case a number of LinkedIn shares equal to $10 divided by initial share price or, at issuer's option, a cash amount equal to value of those shares
|
| Call: | Automatically at par plus coupon if LinkedIn stock closes at or above initial price on any of first three quarterly determination dates
|
| Initial price: | $203.79
|
| Downside threshold: | $138.577, 68% of initial price
|
| Exchange ratio: | 0.04907
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61762P344
|
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