By Susanna Moon
Chicago, June 2 - Morgan Stanley raised the payout cap on its $5.06 million of 0% buffered Performance Leveraged Upside Securities due June 6, 2011 linked to the S&P 500 index, according to an amended FWP filing with the Securities and Exchange Commission.
The payout at maturity now will be par of $10.00 plus double any index gain, up to a maximum of $13.55 per note, up from $13.50 per note.
Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $5,055,000
|
| Maturity: | June 6, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus double any index gain, capped at 135.5% of par; par if index falls by up to 10% and exposure to losses beyond 10%
|
| Initial index level: | 919.14
|
| Pricing date: | May 29
|
| Settlement date: | June 5
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.75%
|
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