Published on 10/3/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.29 million market-linked notes tied to S&P 500
By Susanna Moon
Chicago, Oct. 3 – Morgan Stanley priced $4.29 million of 0% market-linked notes due March 31, 2022 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 any index gain, up to a maximum return of 75%.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Market-linked notes
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| Underlying index: | S&P 500
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| Amount: | $4,293,350
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| Maturity: | March 31, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any index gain, capped at 75% and floor of par
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| Initial index level: | 1,972.29
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61758S625
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