Published on 4/30/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.86 million market-linked notes on Russell, Euro Stoxx
By Marisa Wong
Madison, Wis., April 30 - Morgan Stanley priced $6.86 million of market-linked autocallable notes due April 29, 2033 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its barrier level, 80% of its initial level, on a monthly determination date, the notes will pay a contingent monthly coupon at an annualized rate of 8%.
The notes will be redeemed at par plus the contingent monthly coupon if each index closes at or above 125% of its initial index level on any quarterly redemption determination date beginning April 29, 2018.
The payout at maturity will be par plus the final contingent monthly coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
| Amount: | $6,856,000
|
| Maturity: | April 29, 2033
|
| Coupon: | 8% per year if indexes each close above barrier level on monthly date
|
| Price: | Par
|
| Call: | At par plus the contingent monthly coupon if each index closes at or above redemption threshold level on any quarterly redemption determination date beginning April 29, 2018
|
| Payout at maturity: | Par plus final contingent monthly coupon
|
| Initial index levels: | 940.28 for Russell, 2,704.41for Euro Stoxx
|
| Barrier levels: | 752.224 for Russell, 2,163.528 for Euro Stoxx, 80% of initial levels
|
| Redemption thresholds: | 1,175.35 for Russell, 3,380.513 for Euro Stoxx, 125% of initial levels
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 61761JEU9
|
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