Published on 1/30/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 contingent coupon notes linked to indexes
By Susanna Moon
Chicago, Jan. 30 - Morgan Stanley priced $500,000 of contingent coupon notes due Jan. 31, 2034 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7.5% if each index closes at or above its barrier level, 79.35% of its initial 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: | Euro Stoxx 50 and Russell 2000
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Amount: | $500,000
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Maturity: | Jan. 31, 2034
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Coupon: | 7.5% 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: | 3,038.60 for Euro Stoxx and 1,138.24 for Russell
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Barrier levels: | 2,411.129 for Euro Stoxx and 903.193 for Russell; or 79.35% of initial levels
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61761JNV7
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