Published on 3/27/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $872,000 contingent coupon notes on Russell, S&P
By Marisa Wong
Madison, Wis., March 27 - Morgan Stanley priced $872,000 of contingent coupon notes due March 28, 2033 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 7% if each index closes at or above the 80% 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
|
| Issue: | Contingent coupon notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $872,000
|
| Maturity: | March 28, 2033
|
| Coupon: | 7% per year if each index closes at or above barrier level on a monthly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus interest, if any
|
| Initial levels: | 945.85 for Russell, 1,551.69 for S&P
|
| Barrier levels: | 756.68 for Russell, 1,241.35 for S&P; 80% of initial levels
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JDW6
|
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