E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/3/2014 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2.15 million contingent coupon notes on Russell, Euro Stoxx

By Marisa Wong

Madison, Wis., Nov. 3 – Morgan Stanley priced $2.15 million of contingent coupon notes due Oct. 31, 2034 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annual rate of 7% if each index closes at or above its barrier level, 75% of its initial level, on the observation date for that month.

The payout at maturity will be par plus the final coupon, if any.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley
Issue:Contingent coupon notes
Underlying indexes:Russell 2000 and Euro Stoxx 50
Amount:$2,148,000
Maturity:Oct. 31, 2034
Coupon:Contingent coupon at an annual rate of 7% if each index closes at or above its barrier level on the observation date for that month
Price:Par
Payout at maturity:Par plus the final coupon, if any
Initial index levels:1,149.452 for Russell 2000 and 3,036.15 for Euro Stoxx 50
Barrier levels:862.089 for Russell 2000 and 2,277.113 for Euro Stoxx 50; 75% of initial levels
Pricing date:Oct. 28
Settlement date:Oct. 31
Agent:Morgan Stanley & Co. LLC
Fees:3.5%
Cusip:61761JTW9

© 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.