Published on 9/13/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.52 million contingent coupon range accrual notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 13 - Morgan Stanley priced $5.52 million of contingent coupon range accrual notes due Sept. 15, 2031 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 8% for the first year. Beginning Sept. 14, 2012, the interest rate will be 8% per year multiplied by the proportion of days on which the index closes at or above 800. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Contingent coupon range accrual notes
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Underlying index: | S&P 500
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Amount: | $5,515,000
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Maturity: | Sept. 15, 2031
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Coupon: | Initially 8%; beginning Sept. 14, 2012, 8% per year multiplied by proportion of days on which index closes at or above 800; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Sept. 9
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Settlement date: | Sept. 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 617482YA6
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