Published on 5/30/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.08 million of protected contingent coupon notes on two indexes
By Toni Weeks
San Luis Obispo, Calif., May 30 - Morgan Stanley priced $1.08 million of contingent coupon notes due May 30, 2034 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its barrier level, 80% of its initial level, on the observation date for that month.
The payout at maturity will be par plus the final coupon, if any.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Contingent coupon notes
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Underlying indexes: | Euro Stoxx 50 and Russell 2000
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Amount: | $1,077,000
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Maturity: | May 30, 2034
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Coupon: | 7%, payable monthly if each index closes at or above its barrier level on observation date for that month
|
Price: | Par
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Payout at maturity: | Par plus final coupon, if any
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Initial levels: | 3,244.28 for Euro Stoxx, 1,142.201 for Russell
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Barrier levels: | 2,595.424 for Euro Stoxx, 913.761 for Russell; 80% of initial levels
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Pricing date: | May 27
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Settlement date: | May 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61761JQR3
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