New York, Jan. 2 - Morgan Stanley priced $26 million of contingent income autocallable securities due Dec. 30, 2015 linked to Ford Motor Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Ford Motor stock closes at or above the downside threshold level of $9.6525 on a quarterly determination date, the notes will pay a contingent payment of 2.625% for that quarter.
If Ford Motor stock closes at or above its initial price on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.
If the Ford Motor stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.
Otherwise, investors will be fully exposed to any losses.
The agent is Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying index: | Ford Motor Co.
|
| Amount: | $26 million
|
| Maturity: | Dec. 30, 2015
|
| Contingent payment: | 2.625% for quarter if Ford Motor stock closes at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus contingent coupon if Ford Motor stock finishes at or above downside threshold; otherwise full exposure to any losses
|
| Call: | At par plus contingent payment if Ford Motor stock closes at or above initial share price on any determination date
|
| Initial share price: | $12.87
|
| Trigger level: | $9.6525, 75% of initial price
|
| Pricing date: | Dec. 28, 2012
|
| Settlement date: | Jan. 3
|
| Agents: | Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2.25%
|
| Cusip: | 61761H848
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