Published on 1/15/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $19.46 million return enhanced notes on Hang Seng
By Jennifer Chiou
New York, Jan. 15 - Morgan Stanley priced $19,462,000 of 0% return enhanced notes due Jan. 29, 2014 linked to the Hang Seng China Enterprises index and the Hong Kong dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, capped at 31.3%. Investors will be exposed to any losses.
The index level will be equal to the closing index level on that date multiplied by the Hong Kong dollar exchange rate on that date.
J.P. Morgan Securities LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Return enhanced notes
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Underlying index: | Hang Seng China Enterprises
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Underlying currency: | Hong Kong dollar
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Amount: | $19,462,000
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Maturity: | Jan. 29, 2014
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 31.3%; exposure to losses
|
Initial exchange rate: | 0.129
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Initial value: | 1,527.69411 (closing index level multiplied by exchange rate on pricing date)
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Pricing date: | Jan. 11
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Settlement date: | Jan. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 61761JBG3
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