Published on 3/8/2013 in the Prospect News Structured Products Daily.
New issue: Morgan Stanley prices $10.48 million jump securities linked to Apple
By Susanna Moon
Chicago, March 8 - Morgan Stanley priced $10.48 million of 0% jump securities due March 11, 2015 linked to Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes above its initial price, the payout at maturity will be par of $10.00 plus the upside payment of $4.25 per note.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Jump securities
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Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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Amount: | $10,479,070
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Maturity: | March 11, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock gains, par plus 42.5%; exposure to any losses
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Initial level: | $425.65
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Pricing date: | March 6
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Settlement date: | March 11
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61761M722
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