Published on 9/30/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.24 million contingent coupon notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 30 - Morgan Stanley priced $1.24 million of contingent coupon notes due Sept. 30, 2033 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at the rate of 7% per year if the index closes at or above the barrier level, 75% of the initial index level, on the determination date for that month.
The payout at maturity will be par plus the contingent coupon, if any.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Contingent coupon notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1,241,000
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Maturity: | Sept. 30, 2033
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Coupon: | 7% per year payable monthly if index closes at or above barrier level on determination date for that month
|
Price: | Par
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Payout at maturity: | Par plus contingent coupon, if any
|
Initial index level: | 2,922.99
|
Barrier level: | 2,192.243, 75% of initial level
|
Pricing date: | Sept. 26
|
Settlement date: | Sept. 30
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2%
|
Cusip: | 61761JLU1
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