Published on 9/13/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2 million equity-linked notes tied to S&P 500
By Jennifer Chiou
New York, Sept. 13 - Morgan Stanley priced $2 million of 0% equity-linked notes due Sept. 14, 2018 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 108% of the index return, subject to a minimum payment of par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity date: | Sept. 14, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 108% of any index gain; floor of par
|
| Initial level: | 1,154.23
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 617482YD0
|
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