Published on 7/30/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $243,000 buffered jump notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 30 - Morgan Stanley priced $243,000 of 0% buffered jump securities due Jan. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 15%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
|
Issue: | Buffered jump securities
|
Underlying index: | S&P 500
|
Amount: | $243,000
|
Maturity: | Jan. 31, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes above initial level, par plus 15%; par if index falls by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
Initial index level: | 1,360.02
|
Pricing date: | July 26
|
Settlement date: | July 31
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.5%
|
Cusip: | 617482T79
|
© 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.