New York, Dec. 2 – Morgan Stanley priced $10,209,180 of contingent income autocallable securities due Dec. 1, 2017 linked to Anadarko Petroleum Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If Anadarko Petroleum stock closes at or above the downside threshold level of $59.363 on a quarterly determination date, the notes will pay a contingent payment of 9.25% for that quarter.
If Anadarko Petroleum 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 Anadarko Petroleum 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: | Anadarko Petroleum Corp.
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| Amount: | $10,209,180
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| Maturity: | Dec. 1, 2017
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| Contingent payment: | 9.25% for quarter if Anadarko Petroleum 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 Anadarko Petroleum stock finishes at or above downside threshold; otherwise full exposure to any losses
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| Call: | At par plus contingent payment if Anadarko Petroleum stock closes at or above initial share price on any determination date
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| Initial share price: | $79.15
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| Trigger level: | $59.363, 75% of initial price
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 3
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| Agents: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61764M109
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