New Issue: Morgan Stanley prices $3.64 million minimum return barrier notes linked to S&P 500

By Susanna Moon

Chicago, Jan. 27 - Morgan Stanley priced $3.64 million of zero-coupon minimum return barrier capital-protected notes due Jan. 30, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index stays at or below 150% of its initial level during the life of the notes, payout at maturity will be $11.35 per $10.00 note plus a supplemental amount, based on any index gain, of up to $4.99. Otherwise, investors will receive $11.35 per note.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Minimum return barrier capital-protected notes
Underlying index:	S&P 500
Amount:	$3,635,300
Maturity:	Jan. 30, 2012
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If index stays at or below the barrier level, $11.35 plus any index gain, with the supplemental amount capped at $4.99 per note; floor of 113.5% of par
Initial index level:	831.95
Barrier level:	1,247.925, or 150% of initial index level
Pricing date:	Jan. 23
Settlement date:	Jan. 30
Agent:	Morgan Stanley & Co. Inc.
Fees:	2%

© 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.