By Angela McDaniels
Tacoma, Wash., June 28 - Morgan Stanley priced $4 million of 0% Performance Leveraged Upside Securities due Dec. 28, 2012 linked to the performance of a basket of currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Chilean peso, the Korean won and the Philippine peso. The basket return will be positive if the currencies strengthen relative to the dollar and negative if they weaken.
If the basket return is positive, the payout at maturity will be par of $10 plus double the return, subject to a maximum payout of $1,400 per $1,000 principal amount of notes. If the basket return is negative, investors will be exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying currencies: | Chilean peso, Korean won and Philippine peso, equally weighted
|
| Amount: | $4 million
|
| Maturity: | Dec. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any basket gain, capped at maximum return of 40%; full exposure to any basket decline
|
| Initial exchange rates: | 473.64 for Chilean peso; 1,076.70 for Korean won; 43.426 for Philippine peso
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 617482SA3
|
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