Published on 3/29/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.13 million market-linked notes on S&P 500
By Susanna Moon
Chicago, March 29 - Morgan Stanley priced $1.13 million of 0% market-linked notes due March 29, 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 any index gain, up to a maximum return of $1,600 for each $1,000 principal amount.
Investors will receive at least $1,120 per $1,000 of notes.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,132,000
|
| Maturity: | March 29, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus index gain, capped at 60% and floor of 12%
|
| Initial level: | 1,412.52
|
| Pricing date: | March 27
|
| Settlement date: | March 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 617482G73
|
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