By Jennifer Chiou
New York, Aug. 28 - Morgan Stanley priced $644,000 of 6.2% airbag autocallable yield optimization notes due Aug. 29, 2014 linked to Lincoln National Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Lincoln National shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
Morgan Stanley & Co LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Lincoln National Corp. (Symbol: LNC)
|
| Amount: | $644,000
|
| Maturity: | Aug. 29, 2014
|
| Coupon: | 6.2%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case Lincoln National shares equal to $1,000 divided by the conversion price
|
| Call: | At par plus accrued interest if Lincoln National stock closes at or above initial share price on quarterly call date
|
| Initial share price: | $44.19
|
| Conversion price: | $37.56, 85% of initial share price
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 30
|
| Agent: | Morgan Stanley & Co LLC with UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61762P674
|
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