By Marisa Wong
Madison, Wis., Feb. 27 - Morgan Stanley priced $7.99 million of 0% buffered return optimization securities due Feb. 27, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 22.77%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $7,992,020
|
| Maturity: | Feb. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 22.77%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10% buffer
|
| Initial index level: | 895.84
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 61761M458
|
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