By Angela McDaniels
Tacoma, Wash., Feb. 22 - Morgan Stanley priced $2.5 million of 0% autocallable currency-linked notes due Feb. 25, 2015 linked to the performance of the offshore Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are bullish on the renminbi.
If the currency performance is greater than or equal to 1.5% on Feb. 20, 2014, the notes will be automatically called at 105% of par.
If the notes are not called and the final currency performance is greater than or equal to 1.5%, the payout at maturity will be 110% of par. Otherwise, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Autocallable currency-linked notes
|
| Underlying currency: | Offshore Chinese renminbi
|
| Amount: | $2.5 million
|
| Maturity: | Feb. 25, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final currency performance is greater than or equal to 1.5%, 110% of par; otherwise, par
|
| Call: | Automatically at 105% of par if currency performance is greater than or equal to 1.5% on Feb. 20, 2014
|
| Initial exchange rate: | 6.2387
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 25
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61746BDF0
|
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