Published on 4/25/2008 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $34.99 million protected absolute return barrier notes linked to S&P 500
By Jennifer Chiou
New York, April 25 - Morgan Stanley priced $34.99 million of zero-coupon principal-protected absolute return barrier notes due Oct. 20, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index stays within 21% of the initial value at all times during the life of the notes, the payout at maturity will be par plus the absolute value of the index return, capped at $12.10 per $10.00 note.
Otherwise, investors will receive par.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Principal-protected absolute return barrier notes
|
Underlying index: | S&P 500
|
Amount: | $34.99 million
|
Maturity: | Oct. 20, 2009
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index keeps within 21% of initial value, par plus absolute value of share price return, capped at 121% of par; otherwise, par
|
Initial index level: | 1,379.93
|
Index range: | 1,090.1447, or 79% of initial value, to 1,669.7153, or 121% of initial value
|
Pricing date: | April 23
|
Settlement date: | April 30
|
Agent: | Morgan Stanley & Co. Inc.
|
Fees: | 1.75%
|
© 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.