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 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
Issue:Contingent coupon notes
Underlying indexes:S&P 500, Russell 2000 and Euro Stoxx 50
Amount:$$709,000
Maturity:Oct. 31, 2033
Coupon:8% annualized, payable monthly if each index closes at or above its barrier level on the observation date for that month
Price:Par
Payout at maturity:Par plus final coupon
Initial index levels:1,762.11 for S&P, 1,117.97 for Russell and 3,022.04 for Euro Stoxx
Barrier levels:1,321.583 for S&P, 838.478 for Russell and 2,266.53 for Euro Stoxx; 75% of initial levels
Pricing date:Oct. 28
Settlement date:Oct. 31
Agent:Morgan Stanley & Co. LLC
Fees:4%
Cusip:61761JLY3

© 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.