E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/5/2012 in the Prospect News Structured Products Daily.

Morgan Stanley plans market-linked autocallables tied to Euro Stoxx 50

By Susanna Moon

Chicago, Dec. 5 - Morgan Stanley plans to price market-linked autocallable notes due Dec. 27, 2032 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above the 80% barrier level on a monthly determination date, the notes will pay a contingent monthly coupon of 7.25% per year.

The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date beginning in December 2017.

The payout at maturity will be par plus the final contingent monthly coupon.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Dec. 21 and settle on Dec. 27.

The Cusip number is 61761JAL3.


© 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.