Published on 8/29/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.05 million buffered jump securities linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Aug. 29 - Morgan Stanley priced $4.05 million of 0% buffered jump securities due Aug. 30, 2013 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.
If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par of $10 plus the greater of the fund return and 27.25%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Buffered jump securities
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Underlying ETF: | iShares MSCI EAFE index fund
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Amount: | $4,046,500
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Maturity: | Aug. 30, 2013
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If ETF finishes above initial share price, par plus greater of ETF return and 27.25%; par if ETF falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial share price: | $50.87
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61760P882
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