New Issue: Morgan Stanley prices $4.13 million 5.62% coupon buffered notes tied to index, fund

By Susanna Moon

Chicago, Dec. 22 – Morgan Stanley priced $4.13 million of 5.62% fixed-income buffered securities due April 17, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless either component finishes below the 80% barrier level, in which case investors will lose 1.25% for every 1% decline of the worst performing component beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Fixed-income buffered securities
Underlyings:	Russell 2000 index and the iShares MSCI EAFE ETF
Amount:	$4,125,000
Maturity:	April 17, 2017
Coupon:	5.62%, payable monthly
Price:	Par
Payout at maturity:	Par unless worst performing component falls by more than 20%, in which case 1.25% loss per each 1% decline of worst performing component beyond 20%
Initial levels:	1,148.974 for Russell, $59.73 for EAFE fund
Barrier levels:	919.179 for Russell, $47.784 for EAFE fund, 80% of initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61761JS91

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.