New York, June 16 – Morgan Stanley priced $1,820,530 of contingent income autocallable securities due June 15, 2018 linked to LinkedIn Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If LinkedIn stock closes at or above the downside threshold level of $161.79 on a quarterly determination date, the notes will pay a contingent payment of 11% for that quarter.
If LinkedIn 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 LinkedIn 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
|
Issue: | Contingent income autocallable securities
|
Underlying stock: | LinkedIn Corp.
|
Amount: | $1,820,530
|
Maturity: | June 15, 2018
|
Contingent payment: | 11% for quarter if LinkedIn stock closes at or above downside threshold level on determination date for that quarter
|
Price: | Par of $10
|
Payout at maturity: | Par plus contingent coupon if LinkedIn stock finishes at or above downside threshold; otherwise, 0.04636 shares
|
Call: | At par plus contingent payment if LinkedIn stock closes at or above initial share price on any determination date
|
Initial share price: | $215.72
|
Trigger level: | $161.79, 75% of initial price
|
Pricing date: | June 12
|
Settlement date: | June 17
|
Agents: | Morgan Stanley & Co. LLC
|
Fees: | 2%
|
Cusip: | 61765G390
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.