By Susanna Moon
Chicago, Aug. 26 - Morgan Stanley priced $12.92 million of CMT-linked series 2010-01 trust units due Aug. 6, 2019 backed by Altria Group, Inc. notes, according to an FWP filing with the Securities and Exchange Commission.
The trust units are specifically backed by Altria's 9.25% notes also due Aug. 6, 2019. The issuer is CMT Linked Trust Units Series 2010-01.
Morgan Stanley & Co. Inc. is the underwriter.
The coupon will be 5% for about two years. Beginning Aug. 6, 2012, the rate will be equal to the 10-year Constant Maturity Treasury index, up to a maximum coupon of 15%. Interest will be payable semiannually and cannot be less than zero.
The payout at maturity will be par.
The trust units will be called if the underlying securities are called.
The underlying securities are guaranteed by Philip Morris USA Inc.
| Issuer: | CMT Linked Trust Units Series 2010-01
|
| Issue: | CMT-linked series 2010-01 trust units backed by Altria Group, Inc. 9.25% notes
|
| Amount: | $12,915,000
|
| Maturity: | Aug. 6, 2019
|
| Coupon: | Initially 5%; beginning Aug. 6, 2012 equal to 10-year CMT rate, capped at 15%; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | If underlying securities, Altria Group, Inc.'s 9.25% notes due Aug. 6, 2019, are called
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.25%
|
| Cusip: | 126009AA7
|
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