| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Morgan Stanley plans contingent coupon range accrual notes on S&P 500
By Susanna Moon
Chicago, Dec. 20 - Morgan Stanley plans to price contingent coupon range accrual notes due Dec. 28, 2018 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The coupon will accrue at 7.5% for each day that the index closes at or above 850. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Dec. 23 and settle on Dec. 29.
The Cusip is 617482E83.
© 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.