Published on 3/5/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.78 million market plus notes on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., March 5 - Morgan Stanley priced $7.78 million of 0% market plus notes due Sept. 4, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the knock-out level, 80% of the initial level.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and 7.25%. Otherwise, investors will have exposure to any losses.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC as dealer.
Issuer: | Morgan Stanley
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Issue: | Market plus notes
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Underlying index: | Euro Stoxx 50
|
Amount: | $7,779,000
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Maturity: | Sept. 4, 2014
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index finishes at or above 80% of initial level, par plus greater of index return and 7.25%; otherwise, exposure to losses
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Initial index level: | 2,616.75
|
Knock-out level: | 2,093.40, 80% of initial level
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Pricing date: | March 1
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Settlement date: | March 6
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 61761JDG1
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