Published on 7/12/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.02 million contingent coupon notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., July 12 - Morgan Stanley priced $1.02 million of contingent coupon notes due July 15, 2033 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 7% if the index closes at or above the 75% barrier level on a monthly determination date.
The payout at maturity will be par plus the contingent coupon.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Contingent coupon notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1,019,000
|
Maturity: | July 15, 2033
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Coupon: | 7% annualized, payable monthly if index closes at or above barrier level for that month
|
Price: | $990 per $1,000 note
|
Payout at maturity: | Par plus contingent coupon
|
Initial level: | 2,659.71
|
Barrier level: | 1,994.783, 75% of initial level
|
Pricing date: | July 10
|
Settlement date: | July 15
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2%
|
Cusip: | 61761JJY6
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