By Susanna Moon
Chicago, June 24 - Morgan Stanley priced $20.48 million of 0% buffered Performance Leveraged Upside Securities due June 30, 2010 linked to the price of natural gas, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple the value of any gain on the price of natural gas, capped at 152.5% of par.
Investors will receive par if natural gas falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying commodity: | Natural gas
|
| Amount: | $20,476,000
|
| Maturity: | June 30, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any gain, capped at 152.5% of par; par if natural gas falls by up to 15%; 1% loss for each 1% decline beyond 15%
|
| Initial price: | $13.203
|
| Pricing date: | June 23
|
| Settlement date: | June 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
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