New York, Nov. 29 - Morgan Stanley priced $22,892,000 of contingent income auto-callable securities due Nov. 30, 2017 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the 75% downside threshold level on a quarterly determination date, the notes will pay a contingent payment of 0% for that quarter.
If the index closes at or above its initial price on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.
If the index finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.
Otherwise, investors will be fully exposed to any losses.
The agent is Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent income auto-callable securities
|
| Underlying index: | Russell 2000
|
| Amount: | $22,892,000
|
| Maturity: | Nov. 30, 2017
|
| Contingent payment: | 0% for quarter if index closes at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus contingent coupon if index finishes at or above downside threshold; otherwise full exposure to any losses
|
| Call: | At par plus contingent payment if index closes at or above initial share price on any determination date
|
| Initial index level: | 807.74
|
| Trigger level: | 605.805, 75% of initial price
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 3%
|
| Cusip: | 61761JAC3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
