By Jennifer Chiou
New York, March 29 - Morgan Stanley priced $13 million of 0% jump securities due Sept. 24, 2012 linked to the Financial Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus the 19% upside payment.
Investors will share in any losses and will not receive more than the upside payment.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Jump securities
|
| Underlying fund: | Financial Select Sector SPDR fund
|
| Amount: | $13 million
|
| Maturity: | Sept. 24, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 19% if fund finishes above initial level; exposure to losses
|
| Initial price: | $16.34
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
| Cusip: | 61760E762
|
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