Published on 11/19/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.95 million market-linked notes tied to the Dow
By Susanna Moon
Chicago, Nov. 19 - Morgan Stanley priced $2.95 million of 0% market-linked notes due Nov. 20, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 70%.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Market-linked notes
|
Underlying index: | Dow Jones industrial average
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Amount: | $2,948,110
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Maturity: | Nov. 20, 2020
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 70% and floor of par
|
Initial index level: | 15,961.7
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
|
Cusip: | 61762W539
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