By Toni Weeks
San Diego, March 29 - Morgan Stanley priced $13 million of variable-coupon currency-linked notes due March 30, 2016 linked to the Brazilian real, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable annually. If the real has appreciated or remained the same relative to the dollar, the coupon will be 9% for that year. If the real has depreciated relative to the dollar, the coupon will be 1% for that year.
The payout at maturity will be par plus the last coupon.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Variable-coupon currency-linked notes
|
| Underlying currency: | Brazilian real
|
| Amount: | $13 million
|
| Maturity: | March 30, 2016
|
| Coupon: | 9% if real has appreciated or remained the same relative to the dollar; if real has depreciated, 1%; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par plus the last coupon
|
| Initial exchange rate: | 1.6581
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 3%
|
| Cusip: | 61750VAH8
|
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