Published on 5/20/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $25.51 million jump securities on Philadelphia Oil Service Sector
By Jennifer Chiou
New York, May 20 - Morgan Stanley priced $25.51 million of 0% jump securities due Nov. 23, 2011 linked to the Philadelphia Oil Service Sector index, according to an FWP with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus an upside payment of $1.13 per $10.00 security.
Investors will be fully exposed to losses.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Jump securities
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Underlying index: | Philadelphia Oil Service Sector index
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Amount: | $25,509,440
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Maturity: | Nov. 23, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above initial level, par plus 11.3%; full exposure to losses
|
Initial index level: | 265.52
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Pricing date: | May 18
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Settlement date: | May 23
|
Agent: | Morgan Stanley & Co. Inc.
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Fees: | 1.25%
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Cusip: | 61760E697
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