Published on 2/27/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.55 million contingent coupon notes on S&P 500
By Susanna Moon
Chicago, Feb. 27 - Morgan Stanley priced $1.55 million of contingent coupon notes due Feb. 28, 2033 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 6.5% if the index closes at or above the 80% barrier level on a monthly determination date.
The payout at maturity will be par plus the contingent coupon.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Contingent coupon notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,553,000
|
| Maturity: | Feb. 28, 2033
|
| Coupon: | 6.5% annualized, payable monthly if index closes at or above barrier level for that month
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon
|
| Initial level: | 1,487.85
|
| Barrier level: | 1,190.28, 80% of initial level
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agents: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61761JCM9
|
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