By Susanna Moon
Chicago, Jan. 2 - Morgan Stanley priced $13 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2014 linked to a basket of three equally weighted currencies relative to the Japanese yen, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying currencies are the Malaysian ringgit, the Indonesian rupiah and the Singapore dollar.
The payout at maturity will be par plus 1.5 times any basket gain.
Investors will receive par if the basket falls by up to 10% and will be exposed to any decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying basket: | Malaysian ringgit, Indonesian rupiah and Singapore dollar, equally weighted versus Japanese yen
|
| Amount: | $13 million
|
| Maturity: | Nov. 3, 2014
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any basket gain; par if basket falls by up to 10%, exposure to losses beyond 10%
|
| Initial levels: | 0.035427 for ringgit, 113.4606 for rupiah and 0.014159 for Singapore dollar
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.125%
|
| Cusip: | 617482SR6
|
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