By Susanna Moon
Chicago, March 17 - Morgan Stanley priced $5 million of contingent income autocallable securities due March 18, 2014 linked to Barclays Bank plc American Depositary Shares, according to an FWP filing with the Securities and Exchange Commission.
If Barclays shares close above the downside threshold level - 70% of the initial share price - on a semiannual determination date, investors will receive a contingent payment of 6.15%.
If the shares close above the initial share price on any semiannual determination date, the notes will be called at par plus the contingent payment.
The payout at maturity will be par plus the contingent payment if Barclays shares finishes above the downside threshold level.
Otherwise, the payout will be par plus the stock return with exposure to losses.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | Barclays Bank plc (NYSE: BCS)
|
| Amount: | $4,995,250
|
| Maturity: | March 18, 2014
|
| Coupon: | 6.15% if Barclays stock closes above downside threshold level on a semiannual determination date
|
| Price: | Par of $10.00
|
| Payout at maturity: | If shares finish above downside threshold level, par plus 6.15%; otherwise, par plus share return, with exposure to losses
|
| Call: | At par plus 6.15% if stock closes above initial share price on any semiannual determination date
|
| Initial share price: | $19.02
|
| Downside threshold price: | $13.314, 70% of initial price
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61760E812
|
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