By Marisa Wong
Madison, Wis., Feb. 4 – Morgan Stanley priced $7.69 million of contingent income autocallable securities due July 31, 2015 linked to the S&P GSCI Crude Oil Index – Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will pay a contingent monthly coupon of 30% per year if the index closes at or above the 80% downside threshold level on the determination date for that month. Otherwise, no coupon will be paid for that month.
If the index closes at or above the redemption threshold level, 95% of the initial level, on any monthly determination date, the notes will be called at par plus the contingent coupon.
If the notes are not called and the index finishes at or above the 80% downside threshold level, the payout at maturity will be par plus the contingent payment. Otherwise, investors will share fully in losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley & Co. LLC
|
| Issue: | Contingent income autocallable securities
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| Underlying index: | S&P GSCI Crude Oil Index – Excess Return
|
| Amount: | $7,692,000
|
| Maturity: | July 31, 2015
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| Coupon: | 30% per year, payable monthly if index closes at or above downside threshold level on determination date for that month
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above downside threshold level, par plus contingent payment; otherwise, investors will share fully in losses
|
| Call: | At par plus contingent coupon if index closes at or above redemption threshold level on any monthly determination date
|
| Initial index level: | 262.3150
|
| Redemption threshold: | 249.19925, 95% of initial index level
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| Downside threshold: | 209.852, 80% of initial index level
|
| Pricing date: | Jan. 30
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| Settlement date: | Feb. 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 61762GCZ5
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