Chicago, Feb. 4 - Morgan Stanley priced $13.74 million of contingent income autocallable securities due Feb. 5, 2015 linked to Tesla Motors Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 16.15% if the stock closes at or above its 60% barrier level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any of the first three determination dates.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 60% barrier level, in which case investors will receive a number of Tesla Motors shares equal to par of $10.00 divided by the initial share price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Tesla Motors Inc. (Symbol: TSLA)
|
| Amount: | $13,741,200
|
| Maturity: | Feb. 5, 2015
|
| Coupon: | 16.15% annualized for each quarter that shares close at or above barrier level on quarterly determination date
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus any contingent coupon unless stock finishes below barrier level, in which case 0.05512 Tesla Motors shares
|
| Call: | At par plus contingent coupon if stock closes at or above initial price on any of first three review dates
|
| Initial price: | $181.41
|
| Barrier price: | $108.846, 60% of initial price
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61760S225New Issue: Morgan Stanley prices $13.74 million contingent income autocallables tied to Tesla Motors
|
| By Susanna Moon
|
| Chicago, Feb. 4 - Morgan Stanley priced $13.74 million of contingent income autocallable securities due Feb. 5, 2015 linked to Tesla Motors Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
|
| The notes will pay a contingent quarterly coupon at an annual rate of 16.15% if the stock closes at or above its 60% barrier level on the determination date for that quarter.
|
| The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any of the first three determination dates.
|
| The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 60% barrier level, in which case investors will receive a number of Tesla Motors shares equal to par of $10.00 divided by the initial share price.
|
| Morgan Stanley & Co. LLC is the agent.
|
|
|
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Tesla Motors Inc. (Symbol: TSLA)
|
| Amount: | $13,741,200
|
| Maturity: | Feb. 5, 2015
|
| Coupon: | 16.15% annualized for each quarter that shares close at or above barrier level on quarterly determination date
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus any contingent coupon unless stock finishes below barrier level, in which case 0.05512 Tesla Motors shares
|
| Call: | At par plus contingent coupon if stock closes at or above initial price on any of first three review dates
|
| Initial price: | $181.41
|
| Barrier price: | $108.846, 60% of initial price
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61760S225
|
