Published on 1/31/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.25 million 0% market-linked notes tied to gold
By Marisa Wong
Madison, Wis., Jan. 31 - Morgan Stanley priced $3.25 million of 0% market-linked notes due Jan. 31, 2018 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the gold return is positive, the payout at maturity will be par plus the gold return, subject to a minimum return of 12% and a maximum return of 55%.
If the commodity return is zero or negative, investors will receive par plus 12%, or $1,120 per $1,000 principal amount of notes.
Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.
Issuer: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying commodity: | Gold
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Amount: | $3,252,000
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Maturity: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If gold return is positive, par plus gold return, subject to a minimum return of 12% and maximum return of 55%; if return is zero or negative, par plus 12%
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Initial price: | $1,726
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Pricing date: | Jan. 27
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Settlement date: | Jan. 31
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Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
|
Fees: | 3.5%
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Cusip: | 617482L93
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