Published on 5/23/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $750,000 contingent coupon notes on three indexes
By Marisa Wong
Madison, Wis., May 23 - Morgan Stanley priced $750,000 of contingent coupon notes due May 24, 2033 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 10% if each index closes at or above its barrier level, 90% of its initial level, on the determination date for that month.
The payout at maturity will be par plus the final coupon.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Contingent coupon notes
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Underlying indexes: | Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index
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Amount: | $750,000
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Maturity: | May 24, 2033
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Coupon: | 10% if each index closes at or above its barrier level on determination date for that month
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Price: | Par
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Payout at maturity: | Par plus final coupon
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Initial levels: | 2,821.65 for Euro Stoxx, 998.78 for Russell, 1,669.16 for S&P
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Barrier levels: | 2,539.485 for Euro Stoxx, 898.902 for Russell, 1,502.244 for S&P; 90% of initial levels
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Pricing date: | May 21
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Settlement date: | May 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61761JGS2
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