Morgan Stanley to price trigger jump notes linked to S&P GSCI Cotton

By Angela McDaniels

Tacoma, Wash., May 6 - Morgan Stanley plans to price 0% trigger jump securities due May 30, 2014 linked to the S&P GSCI Cotton Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than 90% of the initial index level, the payout at maturity will be par plus the upside payment, which is expected to be 5.5% to 6.5% and will be set at pricing.

If the final index level is 80% to 90% of the initial index level, the payout will be par.

If the final index level is less than 80% of the initial index level, investors will lose 1% for every 1% that the final index level is below the initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in May.

The Cusip number is 6174824S0.

© 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.