By Susanna Moon
Chicago, Feb. 11 – Morgan Stanley priced $8.34 million of autocallable contingent interest notes due Aug. 11, 2015 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 31.2% if the index closes at or above the 70% interest barrier level on the determination date for that month.
If the index closes at or above the 95% redemption level on any of the first five determination dates, the notes will be called at par plus the contingent coupon.
If the notes are not called and the index finishes at or above the 80% trigger level, the payout at maturity will be par plus the contingent payment.
Otherwise, investors will share in any losses.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management
| Issuer: | Morgan Stanley
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | S&P GSCI Crude Oil Index Excess Return
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| Amount: | $8,342,000
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| Maturity: | Aug. 11, 2015
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| Coupon: | 31.2%, payable if index closes at or above trigger level on monthly review date
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| Price: | Par
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| Payout at maturity: | If index finishes at or above trigger level, par plus contingent payment; otherwise, investors will share in any losses
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| Call: | At par plus contingent coupon index closes at or above call level on any of the first five determination dates
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| Initial level: | 281.075
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| Call threshold: | 267.02125, 95% of initial level
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| Trigger level: | 224.86, 80% of initial level
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61762GDC5
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