Published on 4/29/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.9 million contingent coupon notes linked to indexes
By Angela McDaniels
Tacoma, Wash., April 29 – Morgan Stanley priced $1.9 million of contingent coupon notes due April 30, 2035 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each month, the notes will pay a contingent coupon at an annual rate of 7% if each index closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that month.
The payout at maturity will be par plus the final contingent coupon, if any.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Contingent coupon notes
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Underlying indexes: | Russell 2000 and Euro Stoxx 50
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Amount: | $1,895,000
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Maturity: | April 30, 2035
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Coupon: | 7% annualized, payable monthly if each index closes at or above its barrier level on observation date for that month
|
Price: | Par
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Payout at maturity: | Par plus final contingent coupon, if any
|
Initial levels: | 3,713.96 for Euro Stoxx 50 and 1,267.535 for Russell 2000
|
Coupon barriers: | 2,971.168 for Euro Stoxx 50 and 1,014.028 for Russell 2000; 80% of initial levels
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61761JYH6
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