New Issue: Morgan Stanley prices $4.91 million buffered 'jump' notes linked to S&P 500

By E. Janene Geiss

Philadelphia, Sept. 21 - Morgan Stanley priced $4.91 million of buffered "jump" securities due Sept. 26, 2011 linked to the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level increases over the initial level, payout at maturity will be par of $10 plus $2.215. If the index stays the same or declines by 10% or less, investors will receive par. Investors will lose 1% for every 1% the index declines beyond 10%. Investors will receive at least $1.00.

Morgan Stanley & Co. Inc. will be the agent.

Issuer:	Morgan Stanley
Issue:	"Jump" capital-protected notes
Underlying index:	S&P 500 index
Amount:	$4,914,000
Maturity:	Sept. 26, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus $2.215 if the index increases; par if the index stays the same or decreases by 10% or less; full exposure to any decline beyond 10%; floor of $1.00
Initial level:	1,068.30
Pricing date:	Sept. 18
Settlement date:	Sept. 25
Agent:	Morgan Stanley & Co. Inc.
Fees:	0.15%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.