Published on 11/28/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $889,000 equity-linked notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 28 - Morgan Stanley priced $889,000 of 0% equity-linked notes due Nov. 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return, subject to a minimum payout of $1,090 per $1,000 principal amount of notes.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Equity-linked notes
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Underlying index: | S&P 500
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Amount: | $889,000
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Maturity: | Nov. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, subject to minimum payout of $1,090 per $1,000 principal amount of notes
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Initial index level: | 1,188.04
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 617482D76
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