New Issue: Morgan Stanley prices $3.72 million return enhanced notes tied to Apple

By Angela McDaniels

Tacoma, Wash., April 30 - Morgan Stanley priced $3.72 million of 0% return enhanced notes due May 14, 2014 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the Apple share price, up to a maximum return of 43.32%. Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC as dealer.

Issuer:	Morgan Stanley
Issue:	Return enhanced notes
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$3.72 million
Maturity:	May 14, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any share price gain, subject to 42.43% maximum return; exposure to any decline in share price
Initial share price:	$417.11
Final share price:	Average of closing share prices on five days ending May 9, 2014
Pricing date:	April 26
Settlement date:	May 1
Agent:	Morgan Stanley & Co. LLC
Dealer:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	61761JGE3

© 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.