Published on 11/15/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.65 million contingent coupon range accrual notes on S&P 500
By Jennifer Chiou
New York, Nov. 15 - Morgan Stanley priced $3.65 million of contingent coupon range accrual notes due Nov. 16, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 6.5% for each day that the index closes at or above 925. Interest is payable quarterly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent coupon range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,647,000
|
| Maturity: | Nov. 16, 2017
|
| Coupon: | 6.5% for each day that index closes at or above 925; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 617482D84
|
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