By Angela McDaniels
Tacoma, Wash., June 1 - Morgan Stanley priced $3.23 million of 0% bear market Performance Leveraged Upside Securities due Dec. 2, 2011 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is less than the initial index level, the payout at maturity will be par of $10 plus 2% for every 1% that the index declines, subject to a maximum return of 10%.
If the final index level is greater than the initial level, the payout will be par minus 1% for every 1% that the index advances, subject to a maximum loss of 90%.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Bear market Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $3,229,000
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Maturity: | Dec. 2, 2011
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2% for every 1% that index declines, up to maximum return of 10%; par minus 1% for every 1% that index gains, subject to minimum payout of $1 per note
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Initial index level: | 836.26
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 1.2%
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Cusip: | 61760E358
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