By Toni Weeks
San Diego, July 2 - Morgan Stanley priced $6.9 million of 0% jump securities due July 30, 2013 linked to the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus the upside payment of $2.50.
Investors will be fully exposed to any losses if the fund declines.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Jump securities
|
| Underlying fund: | iShares MSCI Brazil index fund
|
| Amount: | $6.9 million
|
| Maturity: | July 30, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus $2.50 upside payment; full exposure to any losses
|
| Initial price: | $49.07
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61755S321
|
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