By Jennifer Chiou
New York, March 14 - Morgan Stanley priced an $11.05 million issue of 0% buffered Performance Leveraged Upside Securities (PLUS) due March 30, 2009 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 65% weight and the MSCI EAFE index with a 35% weight.
If the final basket level is at least the initial level, the payout at maturity will be par plus 300% of any increase in the basket.
If the basket declines by up to 10%, the payout will be par. Investors will lose 1.1111% 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 (65% weight), MSCI EAFE (35% weight)
|
| Amount: | $11,048,000
|
| Maturity: | March 30, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level is at least the initial level, par plus 300% of any basket gain; if basket decreases by up to 10%, par; investors lose 1.1111% for each 1% that the basket declines beyond 10%
|
| Pricing date: | March 12
|
| Settlement date: | March 20
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 0.05%
|
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