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Morgan Stanley to price three-year Lasers linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Jan. 18 - Morgan Stanley plans to price 0% Index Leading Stockmarket Return Securities due July 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above 80% of its initial level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed percentage of 12.5% to 16.5% that will be set at pricing. Otherwise, the payout will be par plus the index return.
The notes (Cusip: 61759G257) will price and settle in January.
Morgan Stanley & Co. Inc. is the agent.
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