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 12/6/2013 in the Prospect News Structured Products Daily.

Morgan Stanley plans contingent coupon notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Dec. 6 - Morgan Stanley plans to price market-linked notes with past performance adjusted contingent coupon notes due December 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon if the index closes at or above the barrier level on an annual determination date. The barrier level will be the initial level for the first year, and then greater than the determination index value on each previous determination date. Interest will be payable annually.

The contingent coupon will be the index change minus the sum of the contingent coupon rates for each of the previous determination dates.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in December.

The Cusip number is 61762W646.


© 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.