Published on 11/29/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $106,000 trigger jump notes linked to S&P 500
By Susanna Moon
Chicago, Nov. 29 - Morgan Stanley priced $106,000 of 0% trigger jump securities due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the greater of any gain and the upside payment of 40%.
If the index falls but finishes above the 60% downside threshold level, the payout will be par.
Otherwise, investors will be fully exposed to losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $106,000
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Maturity: | Nov. 30, 2017
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Coupon: | 0%
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Price: | Par of 10.00
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Payout at maturity: | If index gains, par plus return, floor of 40%; par for losses up to 40%; otherwise, full exposure to losses
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Initial level: | 1,398.94
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Trigger level: | 839.364, 60% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 617482Y73
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