By Susanna Moon
Chicago, March 26 - Morgan Stanley priced $1.5 million of 0% buffered Performance Leveraged Upside Securities due March 27, 2015 tied 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 index gain, up to a maximum return of 12%.
Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15%.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1.5 million
|
| Maturity: | March 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 12%; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
|
| Initial index level: | 946.27
|
| Pricing date: | March 22
|
| Settlement date: | March 27
|
| Underwriters: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61761JEJ4
|
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