Published on 6/5/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.36 million market-linked notes tied to S&P 500
By Jennifer Chiou
New York, June 5 – Morgan Stanley priced $4,359,320 of 0% market-linked notes due Nov. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum payment of $20 per $10 note.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,359,320
|
| Maturity: | Nov. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, subject to maximum payout of $20 and floor of par
|
| Initial index level: | 1,923.57
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761S117
|
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