Published on 2/12/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.84 million return enhanced notes on S&P 500
By Susanna Moon
Chicago, Feb. 12 - Morgan Stanley priced $6.84 million of 0% return enhanced notes due Feb. 26, 2014 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 double any gain in the index, up to a maximum return of 16.2%.
Investors will share in any losses.
Morgan Stanley & Co. LLC is the agent, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.
Issuer: | Morgan Stanley
|
Issue: | Return enhanced notes
|
Underlying index: | S&P 500 index
|
Amount: | $6,843,000
|
Maturity: | Feb. 26, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any gain in the index, capped at 16.2%; exposure to any losses
|
Initial level: | 1,517.93
|
Pricing date: | Feb. 8
|
Settlement date: | Feb. 13
|
Agent: | Morgan Stanley & Co. LLC
|
Dealers: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 61761JCJ6
|
© 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.