E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/29/2012 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $333,000 trigger jump notes linked to Russell

By Susanna Moon

Chicago, Nov. 29 - Morgan Stanley priced $333,000 of 0% trigger jump securities due Nov. 30, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial level, the payout at maturity will be par plus the greater of any gain and the upside payment of 35%.

If the index falls but finishes above the 70% downside threshold level, the payout will be par.

Otherwise, investors will be fully exposed to losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley
Issue:Trigger jump securities
Underlying index:Russell 2000 index
Amount:$333,000
Maturity:Nov. 30, 2017
Coupon:0%
Price:Par of 10.00
Payout at maturity:If index gains, par plus return, floor of 35%; par for losses up to 30%; otherwise, full exposure to losses
Initial level:807.74
Trigger level:565.418, 70% of initial level
Pricing date:Nov. 27
Settlement date:Nov. 30
Agent:Morgan Stanley & Co. LLC
Fees:3.5%
Cusip:617482Y81

© 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.