Published on 4/14/2008 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $22.74 million PLUS notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 14 - Morgan Stanley priced $22.74 million of 0% Performance Leveraged Upside Securities (PLUS) due May 18, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 17%. Investors will be fully exposed to any index decline.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities (PLUS)
|
Underlying index: | S&P 500
|
Amount: | $22.74 million
|
Maturity: | May 18, 2009
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at maximum return of 17%; full exposure to any index decline
|
Initial index level: | 1,360.55
|
Pricing date: | April 10
|
Settlement date: | April 17
|
Agent: | Morgan Stanley & Co. Inc.
|
Fees: | 1.5%
|
© 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.