By Susanna Moon
Chicago, Dec. 4 – Morgan Stanley priced $1.51 million of 0% trigger Performance Leveraged Upside Securities due June 2, 2015 linked to a basket of six equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying assets are West Texas Intermediate light sweet crude oil futures contracts, natural gas futures contracts, copper spot price, platinum, milk futures contracts and live cattle futures contracts.
If the basket finishes above its initial level, the payout at maturity will be par plus 1.15 times the gain.
If the basket falls by up to the 90% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying basket: | West Texas Intermediate light sweet crude oil futures contracts, natural gas futures contracts, copper spot price, platinum price, milk futures contracts and live cattle futures contracts, equally weighted
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| Amount: | $1,507,000
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| Maturity: | June 2, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 115% of any basket gain; if basket falls by up to trigger level, par; otherwise, full exposure to any losses
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| Trigger level: | 90% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Dec. 3
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as dealer
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| Fees: | 1.25%
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| Cusip: | 61762GCN2
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