By Angela McDaniels
Seattle, June 6 - Morgan Stanley priced an $8.07 million issue of auto-callable notes due June 15, 2017 linked to the Nasdaq 100 and Nikkei 225 indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes carry a contingent coupon of 13.4% per year. The coupon will be paid quarterly unless either index closes at or below its barrier level - 95% of the initial index level - on a quarterly observation date, in which case investors will receive no interest for that quarter.
The quarterly observation dates are March 5, June 5, Sept. 5 and Dec. 5 of each year.
The notes will be automatically redeemed at par if both indexes close at or above their threshold levels - 115% of the initial index level - on any day during the life of the notes.
If the notes are not called, the payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Auto-callable notes
|
| Underlying indexes: | Nasdaq 100 and Nikkei 225
|
| Amount: | $8.07 million
|
| Maturity: | June 15, 2017
|
| Coupon: | 13.4%; payable for each quarter that both indexes remain above their barrier levels
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | Automatically at par if both indexes close at or above their threshold levels on any day
|
| Initial index levels: | 1,932.35 for Nasdaq, 18,053.81 for Nikkei
|
| Barrier levels: | 1,835.7325 for Nasdaq, 17,151.1195 for Nikkei; 95% of initial level
|
| Threshold levels: | 2,111.0924 for Nasdaq, 19,723.7874 for Nikkei; 115% of initial level
|
| Pricing date: | June 4
|
| Settlement date: | June 15
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.75%
|
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