| 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 Marisa Wong
Madison, Wis., Sept. 14 - Morgan Stanley plans to price contingent coupon range accrual notes due Sept. 29, 2023 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be 7% for the first year. Beginning Sept. 30, 2012, the interest rate will be 7% per year multiplied by the proportion of days on which the index closes at or above 875. Interest is payable monthly.
The payout at maturity will be par.
The notes (Cusip: 617482YF5) will price Sept. 27 and settle Sept. 30.
Morgan Stanley & Co. LLC is the agent.
© 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.