New Issue: Morgan Stanley prices $29.75 million 9.5% ELKS linked to Mosaic

By Susanna Moon

Chicago, July 27 - Morgan Stanley priced $29.75 million of 9.5% Equity LinKed Securities due Jan. 25, 2012 linked to Mosaic Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par of $10 unless Mosaic shares fall below the protection price - 80% of the initial price - during the life of the notes, in which case the payout will be a number of shares of Mosaic stock equal to par divided by the initial share price or, at the issuer's option, a cash amount equal to the value of those shares.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Equity LinKed Securities
Underlying stock:	Mosaic Co. (NYSE: MOS)
Amount:	$29.75 million
Maturity:	Jan. 25, 2012
Coupon:	9.5%, payable monthly
Price:	Par of $10.00
Payout at maturity:	Par in cash unless Mosaic shares fall below protection price during life of notes, in which case 0.13693 Mosaic shares or, at issuer's option, cash equivalent of those shares
Initial share price:	$73.03
Protection price:	$58.424, 80% of initial share price
Pricing date:	July 25
Settlement date:	July 28
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61760E515

© 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.