Published on 8/30/2013 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.31 million return optimization notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 30 - Morgan Stanley priced $1.31 million of 0% return optimization securities due Feb. 27, 2015 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 triple any gain in the index, up to a maximum return of 18.02%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley
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Issue: | Return optimization securities
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Underlying index: | S&P 500
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Amount: | $1,313,050
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Maturity: | Feb. 27, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain, capped at 18.02%; exposure to any losses
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Initial level: | 1,630.48
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
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Fees: | 2%
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Cusip: | 61762P377
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