By Angela McDaniels
Tacoma, Wash., Nov. 29 - Morgan Stanley priced $2.49 million of non-callable contingent coupon notes due Nov. 28, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. The coupon will be fixed at 7.25% for the first year. After that time, the notes will pay interest at the rate of 7.25% per year only if the index closes at or above 550 on the observation date for that month. If the index closes below the barrier level, no interest will be paid for that month.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Non-callable contingent coupon notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,491,000
|
| Maturity: | Nov. 28, 2025
|
| Coupon: | 7.25% for first year; after one year, 7.25% only if index closes at or above 550 on relevant observation date; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 29
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Fees: | 3.5%
|
| Cusip: | 617482PJ7
|
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