New Issue: Morgan Stanley prices $1.76 million two-year securities linked to four currencies

By Angela McDaniels

Tacoma, Wash., July 27 - Morgan Stanley priced $1.76 million of 0% currency-linked securities due July 30, 2012 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, Brazilian real, Canadian dollar and Norwegian krone.

For each $1,000 principal amount of notes, the payout at maturity will be $950 plus 200% of any basket appreciation, subject to a maximum payout of $1,250. If the basket remains flat or depreciates, the payout will be $950.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

Issuer:	Morgan Stanley
Issue:	Currency-linked securities
Underlying currencies:	Australian dollar, Brazilian real, Canadian dollar and Norwegian krone, equally weighted and each against the U.S. dollar
Amount:	$1,755,000
Maturity:	July 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	$950 plus 200% of any basket appreciation, up to maximum payout of $1,250; if basket remains flat or depreciates, $950
Initial exchange rates:	0.89405 for Australian dollar, 1.76170 for real, 1.03930 for Canadian dollar and 6.21835 for krone
Pricing date:	July 23
Settlement date:	July 30
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1.5%
Cusip:	617482KC7

© 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.