New Issue: Morgan Stanley prices $231,000 buffered range accrual notes on S&P 500

By Susanna Moon

Chicago, Jan. 27 - Morgan Stanley priced $231,000 of buffered range accrual securities due Jan. 28, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 9% for each day that the index closes at or above the 80% threshold level.

Investors will receive par if the index falls by up to 20% and will be exposed any losses beyond 20%.

Morgan Stanley & Co. LLC will be the agent.

Issuer:	Morgan Stanley
Issue:	Buffered range accrual securities
Underlying index:	S&P 500
Amount:	$231,000
Maturity:	Jan. 28, 2016
Coupon:	9% annualized for each that day that index closes at or above threshold; payable monthly
Price:	Par
Payout at maturity:	Par if index falls by up to 20% buffer and exposure to losses beyond 20%
Initial level:	1,326.05
Index threshold value:	1,060.84, 80% of initial level
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Underwriter:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	617482E91

© 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.