By Angela McDaniels
Tacoma, Wash., Aug. 9 - Morgan Stanley priced $1 million of 0% jump securities due Sept. 12, 2012 linked to the iShares MSCI Pacific ex-Japan index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 18%. Otherwise, investors will be exposed to the decline from the initial share price to the final share price.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Jump securities
|
Underlying ETF: | iShares MSCI Pacific ex-Japan index fund
|
Amount: | $1 million
|
Maturity: | Sept. 12, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 18% if final share price is greater than initial share price; exposure to decline if final share price is less than initial share price
|
Initial share price: | $42.60
|
Pricing date: | Aug. 5
|
Settlement date: | Aug. 12
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0.25%
|
Cusip: | 617482WZ3
|
© 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.