By Susanna Moon
Chicago, March 1 - Morgan Stanley priced $8.8 million of 0% market-linked notes due Feb. 27, 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 of $10.00 plus any index gain.
Investors will receive at least $10.40 per note.
Morgan Stanley & Co. LLC is the agent, and Morgan Stanley Smith Barney LLC is the dealer.
Issuer: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying index: | S&P 500
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Amount: | $8.8 million
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Maturity: | Feb. 27, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus index gain, floor of 104% of par
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Initial level: | 1,372.18
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Pricing date: | Feb. 28
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Settlement date: | March 2
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Agents: | Morgan Stanley & Co. LLC and Morgan Stanley Smith Barney LLC
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Fees: | 3.5%
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Cusip: | 61760T488
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