Published on 11/29/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.04 million market-linked autocallables on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Nov. 29 - Morgan Stanley priced $1.04 million of market-linked autocallable step-up notes due Nov. 30, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the barrier level - 80% of the initial level - on a monthly determination date, the notes will pay a contingent monthly coupon at an annualized rate of 6% for the first five years, 8% from Nov. 30, 2017 to Nov. 30, 2022 and 12% from Nov. 30, 2022 up to maturity.
The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the initial index level on any quarterly redemption determination date beginning in November 2017.
The payout at maturity will be par plus the final contingent monthly coupon, if any.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.04 million
|
| Maturity: | Nov. 30, 2027
|
| Coupon: | If index closes above barrier level on monthly date, annualized 6% for first five years, 8% from Nov. 30, 2017 to Nov. 30, 2022 and 12% from Nov. 30, 2022 up to maturity
|
| Price: | Par
|
| Call: | At par plus contingent monthly coupon if index closes at or above initial index level on any quarterly redemption determination date beginning in November 2017
|
| Payout at maturity: | Par plus final contingent monthly coupon, if any
|
| Initial index level: | 2,543,45
|
| Barrier level: | 2,034.76, 80% of the initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 617482Y99
|
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