By Laura Lutz
Des Moines, Nov. 15 - Morgan Stanley priced a $6.5 million issue of 0% buffered Performance Leveraged Upside Securities (PLUS) due Nov. 20, 2012 linked to a basket of five indexes and one exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 35% weight, the Dow Jones Euro Stoxx 50 index with a 20% weight, the Nikkei 225 index with a 15% weight, the S&P 400 Midcap index with a 10% weight, shares of the iShares MSCI Emerging Markets index fund with a 10% weight and the Dow Jones - AIG Commodity index with a 10% weight.
The final basket level will be the average of the basket levels on the 13th of each month from November 2011 to November 2012.
If the final basket level is at least the initial level, the payout at maturity will be par plus 130.5% of any increase in the basket.
If the basket declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% that the basket declines beyond 10%.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities (PLUS)
|
| Underlying basket: | S&P 500 index with 35% weight, Dow Jones Euro Stoxx 50 index with 20% weight, Nikkei 225 index with 15% weight, S&P 400 Midcap index with 10% weight, shares of iShares MSCI Emerging Markets index fund with 10% weight and Dow Jones - AIG Commodity index with 10% weight
|
| Amount: | $6.5 million
|
| Maturity: | Nov. 20, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level is greater than the initial level, par plus 130.5% of any basket gain; if basket decreases by up to 10%, par; investors lose 1% for each 1% that the basket declines beyond 10%
|
| Pricing date: | Nov. 13
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| Settlement date: | Nov. 20
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| Agent: | Morgan Stanley & Co. Inc.
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| Fees: | 2.75%
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