By Marisa Wong
Madison, Wis., Feb. 20 - Morgan Stanley priced $1.2 million of market-linked autocallable notes due Feb. 18, 2033 with five-year initial non-call 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 74% barrier level on a monthly determination date, the notes will pay a contingent coupon at an annualized rate of 7% for month.
The notes will be redeemed at par plus the contingent monthly coupon if the index closes at or above the redemption threshold level - 120% of the initial index level - on any quarterly redemption determination date beginning Feb. 21, 2018.
The payout at maturity will be par plus the final contingent monthly coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked autocallable notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.2 million
|
| Maturity: | Feb. 18, 2033
|
| Coupon: | Contingent monthly payment of 7% per year if index closes at or above barrier level on monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus final contingent monthly coupon
|
| Call: | Automatically at par plus contingent monthly coupon if index closes at or above redemption threshold level on any quarterly redemption determination date beginning Feb. 21, 2018
|
| Initial level: | 2,615.26
|
| Barrier level: | 1,935.2924, 74% of initial level
|
| Redemption threshold: | 3,138.312, 120% of initial level
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JCN7
|
© 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.
