Published on 10/30/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $709,000 contingent coupon notes linked to indexes
By Susanna Moon
Chicago, Oct. 30 - Morgan Stanley priced $709,000 of contingent coupon notes due Oct. 29, 2025 linked to worst performing of the S&P 500 index, Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a monthly coupon at an annual rate of 8% if each index closes at or above its 75% barrier level on the observation date for that month.
The payout at maturity will be par plus the final coupon.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Contingent coupon notes
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Underlying indexes: | S&P 500, Russell 2000 and Euro Stoxx 50
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Amount: | $$709,000
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Maturity: | Oct. 31, 2033
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Coupon: | 8% annualized, payable monthly if each index closes at or above its barrier level on the observation date for that month
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Price: | Par
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Payout at maturity: | Par plus final coupon
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Initial index levels: | 1,762.11 for S&P, 1,117.97 for Russell and 3,022.04 for Euro Stoxx
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Barrier levels: | 1,321.583 for S&P, 838.478 for Russell and 2,266.53 for Euro Stoxx; 75% of initial levels
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61761JLY3
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