By Angela McDaniels
Tacoma, Wash., June 6 - Morgan Stanley priced $1 million of 0% trigger jump securities due Dec. 26, 2014 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index's final level is greater than or equal to its upside payment threshold, the payout at maturity will be par of $10 plus 20.95%. Each index's upside payment threshold is 96% of its initial level.
If the final level of either index is less than its upside payment threshold but the final level of each index is greater than or equal to its downside threshold, the payout will be par. Each index's downside threshold is 86% of its initial level.
If the final level of either index is less than its downside threshold, investors will lose 1% for each 1% that the worst-performing index's final level is below its initial level.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger jump securities
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1 million
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Maturity: | Dec. 26, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If each index's final level is greater than or equal to upside payment threshold, par plus 20.95%; if final level of either index is less than upside payment threshold but final level of each index is greater than or equal to downside threshold, par; if final level of either index is less than downside threshold, 1% loss for each 1% that worst-performing index's final level is below initial level
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Initial index levels: | 1,640.42 for S&P 500 and 990.54 for Russell 2000
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Upside threshold: 1,574.803 for S&P 500 and 950.909 for Russell 2000; 96% of initial levels
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Downside thresholds: | 1,410.671 for S&P 500 and 851.856 for Russell 2000; 86% of initial levels
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Pricing date: | June 4
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Settlement date: | June 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.35%
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Cusip: | 61762E596
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