New York, July 16 – Morgan Stanley priced $5,194,500 of contingent income autocallable securities due July 17, 2017 linked to Whole Foods Market, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Whole Foods stock closes at or above the downside threshold level of $29.768 on a quarterly determination date, the notes will pay a contingent payment of 9% for that quarter.
If Whole Foods stock closes at or above its initial price on any of the quarterly determination dates, the notes will be redeemed at par plus the contingent payment.
If the Whole Foods stock finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly payment.
Otherwise, investors will be fully exposed to any losses.
The agent is Morgan Stanley & Co. LLC.
Issuer: | Morgan Stanley
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Issue: | Contingent income autocallable securities
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Underlying stock: | Whole Foods Market, Inc.
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Amount: | $5,194,500
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Maturity: | July 17, 2017
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Contingent payment: | 9% for quarter if Whole Foods stock closes at or above downside threshold level on determination date for that quarter
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Price: | Par of $10
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Payout at maturity: | Par plus contingent coupon if Whole Foods stock finishes at or above downside threshold; otherwise full exposure to any losses
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Call: | At par plus contingent payment if Whole Foods stock closes at or above initial share price on any determination date
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Initial share price: | $37.21
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Trigger level: | $29.768, 80% of initial price
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Pricing date: | July 14
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Settlement date: | July 17
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Agents: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61761S745
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