By Susanna Moon
Chicago, Jan. 24 - Morgan Stanley priced $5.36 million of 8.05% fixed income autocallable securities due Jan. 26, 2015 linked to Freeport-McMoRan Copper & Gold Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial price on any of the first three quarterly determination dates.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 80% barrier level, in which case investors will receive a number of Freeport-McMoRan shares equal to par of $10.00 divided by the initial share price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Fixed income autocallable securities
|
| Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (Symbol: FCX)
|
| Amount: | $5,355,500
|
| Maturity: | Jan. 26, 2015
|
| Coupon: | 8.05%, payable quarterly
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus any contingent coupon unless stock finishes below barrier level, in which case 0.28361 Freeport-McMoRan shares
|
| Call: | At par plus contingent coupon if stock closes at or above initial price on any of first three quarterly review dates
|
| Initial price: | $35.26
|
| Barrier price: | $28.208, 80% of initial price
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61760S159
|
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