Published on 10/27/2010 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $380,000 buffered jump securities on S&P 500
By Jennifer Chiou
New York, Oct. 27 - Morgan Stanley priced $380,000 of 0% buffered jump securities due Oct. 30, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 16%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Buffered jump securities
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Underlying index: | S&P 500
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Amount: | $380,000
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Maturity: | Oct. 30, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 16%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,185.62
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Pricing date: | Oct. 25
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Settlement date: | Oct. 30
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 2.25%
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Cusip: | 617482NU4
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