By Marisa Wong
Madison, Wis., Dec. 28 - Morgan Stanley priced $4.57 million of contingent coupon range accrual notes due Dec. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 7.5% per year multiplied by the proportion of days on which 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.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent coupon range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,569,000
|
| Maturity: | Dec. 28, 2018
|
| Coupon: | 7.5% per year multiplied by proportion of days on which index closes at or above 850; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 29
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 617482E83
|
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