Published on 2/21/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.35 million 10% RevCons linked to Honda Motor
By Susanna Moon
Chicago, Feb. 21 - Morgan Stanley priced $3.35 million of 10% reverse convertible securities due April 17, 2014 linked to Honda Motor Co., Ltd. shares, according to an FWP with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless Honda stock falls by 80% or more during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Honda shares equal to par divided by the initial share price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Reverse convertible securities
|
| Underlying stock: | Honda Motor Co., Ltd. (Tokyo: 7267)
|
| Amount: | $3,345,000
|
| Maturity: | Aug. 22, 2013
|
| Coupon: | 10%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless Honda stock falls below trigger price during life of notes and finishes below initial share price, in which case number of Honda shares equal to par divided by initial price
|
| Initial share price: | ¥3,505
|
| Trigger price: | ¥2,804, 80% of initial price
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61761JDC0
|
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