New Issue: Morgan Stanley prices $11.1 million return enhanced notes linked to Ford

By Angela McDaniels

Tacoma, Wash., Jan. 14 - Morgan Stanley priced $11.1 million of 0% return enhanced notes due Jan. 28, 2015 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus 2.5 times the stock return, subject to a maximum return of 30.125%. If the stock return is negative, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent, with J.P. Morgan Securities LLC as dealer.

Issuer:	Morgan Stanley
Issue:	Return enhanced notes
Underlying stock:	Ford Motor Co. (NYSE: F)
Amount:	$11,095,000
Maturity:	Jan. 28, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus 2.5 times stock return, subject to maximum return of 30.125%; if stock return is negative, full exposure to decline
Initial share price:	$16.07
Final share price:	Average of stock's closing share prices on Jan. 16, 2015, Jan. 20, 2015, Jan. 21, 2015, Jan. 22, 2015 and Jan. 23, 2015
Pricing date:	Jan. 10
Settlement date:	Jan. 15
Agent:	Morgan Stanley & Co. LLC
Dealer:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	61761JNY1

© 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.