Morgan Stanley to price market plus notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., June 12 - Morgan Stanley plans to price 0% market plus notes due Dec. 17, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if the index's closing level falls below the knock-out level, 76% of the initial index level, on any day during the life of the notes.

If a knock-out event has not occurred, the payout at maturity will be par plus the index return, subject to a minimum payout of par.

If a knock-out event has occurred, investors will receive a cash payment that will reflect the percentage appreciation or depreciation of the index on a 1-to-1 basis.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC as dealer.

The notes will price June 14 and settle June 19.

The Cusip number is 61761JHY8.

© 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.