Published on 2/24/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $972,000 equity-linked notes on Dow Industrials
By Susanna Moon
Chicago, Feb. 24 - Morgan Stanley priced $972,000 of 0% equity-linked notes due Feb. 27, 2017 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Equity-linked notes
|
Underlying index: | Dow Jones Industrial Average
|
Amount: | $972,000
|
Maturity: | Feb. 27, 2017
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Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; floor of par
|
Initial level: | 12,212.79
|
Pricing date: | Feb. 22
|
Settlement date: | Feb. 25
|
Agent: | Morgan Stanley & Co. Inc.
|
Fees: | 3.5%
|
Cusip: | 617482RB2
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