Published on 2/19/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2 million contingent coupon notes on Russell 2000, Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 19 - Morgan Stanley priced $2 million of contingent coupon notes due Feb. 18, 2033 linked to the worst performing of the Russell 2000 and Euro Stoxx 50 indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 10% if each index closes at or above the 89.5% barrier level on a monthly determination date.
The payout at maturity will be par plus interest, if any.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Contingent coupon notes
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Underlying indexes: | Russell 2000 and Euro Stoxx 50
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Amount: | $2 million
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Maturity: | Feb. 18, 2033
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Coupon: | 10% per year if each index closes at or above barrier level on a monthly determination date
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Price: | Par
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Payout at maturity: | Par plus interest, if any
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Initial levels: | 923.76 for Russell, 2,635.35 for Euro Stoxx
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Barrier level: | 89.5% of initial level
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61761JDB2
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