By Angela McDaniels
Tacoma, Wash., July 23 – Morgan Stanley priced $2.47 million of 8.9% airbag autocallable yield optimization notes due July 23, 2015 linked to the class A common stock of GameStop Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if GameStop shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of GameStop shares equal to $1,000 divided by the conversion price. The conversion price is 78% of the initial share price.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
Issuer: | Morgan Stanley
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Issue: | Airbag autocallable yield optimization notes
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Underlying stock: | GameStop Corp. (Symbol: GME)
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Amount: | $2,472,000
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Maturity: | July 23, 2015
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Coupon: | 8.9%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless final share price is less than conversion price, in which case number of GameStop shares equal to $1,000 divided by conversion price
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Call: | Automatically at par if GameStop shares close at or above initial share price on any quarterly observation date
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Initial share price: | $42.83
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Conversion price: | $33.41, 78% of initial share price
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Pricing date: | July 18
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Settlement date: | July 23
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 1.5%
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Cusip: | 61761S877
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