Published on 6/28/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.15 million buffered jump securities linked to Dow Industrials
By Susanna Moon
Chicago, June 28 - Morgan Stanley priced $3.15 million of 0% buffered jump securities due Dec. 29, 2014 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the greater of the index return and 27%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Buffered jump securities
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Underlying index: | Dow Jones Industrial Average
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Amount: | $3,152,000
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Maturity: | Dec. 29, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus greater of return and 27%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 11,934.58
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Pricing date: | June 24
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Settlement date: | June 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 617482UQ5
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