By Jennifer Chiou
New York, Oct. 28 - Morgan Stanley priced $2.77 million of 1% market-linked notes due Oct. 31, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
The payout at maturity will be par of $10.00 plus 110% of any index gain.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.
Issuer: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $2.77 million
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Maturity: | Oct. 31, 2017
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Coupon: | 1%, payable annually
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Price: | Par of $10
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Payout at maturity: | Par plus 110% of any index gain; floor of par
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Initial level: | 11,869.04
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc. (dealer)
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Fees: | 3.5%
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Cusip: | 61760T132
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