Morgan Stanley to price participation notes linked to four currencies

By Angela McDaniels

Tacoma, Wash., Aug. 1 - Morgan Stanley plans to price 0% currency-linked participation notes due Feb. 12, 2013 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, the Indonesian rupiah, the Malaysian ringgit and the South Korean won.

For each $1,000 principal amount, the payout at maturity will be the greater of (a) $1,060 plus the basket return, which could be positive or negative, and (b) $60.

The notes (Cusip: 617482SC9) are expected to price Aug. 5 and settle Aug. 12.

J.P. Morgan Securities LLC is the dealer. Morgan Stanley & Co. LLC is the agent. JPMorgan Chase Bank, NA will act as placement agent for certain sales.

© 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.