New Issue: Morgan Stanley prices $724,000 securities linked to the four currencies

By E. Janene Geiss

Philadelphia, May 26 - Morgan Stanley priced $724,000 of 0% currency-linked securities due May 29, 2015 linked to a basket of four currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Brazilian real, the Australian dollar, the Canadian dollar and the Norwegian krone.

If the basket strengthens relative to the U.S. dollar, the payout at maturity will be par plus 250% of the basket performance. If the basket remains unchanged or weakens relative to the U.S. dollar, the payout will be par.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Currency-linked securities
Underlying basket:	Equal weights of Brazilian real, Australian dollar, Canadian dollar and Norwegian krone
Amount:	$724,000
Maturity:	May 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If basket strengthens relative to U.S. dollar, par plus 250% of basket performance; if basket remains unchanged or weakens, par
Initial exchange rates:	1.6256 for real; 1.05565 for Australian dollar; 0.97785 for Canadian dollar; 5.5678 for Norwegian krone
Pricing date:	May 24
Settlement date:	May 27
Agent:	Morgan Stanley & Co. Inc.
Fees:	3%
Cusip:	61747YDB8

© 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.