By Susanna Moon
Chicago, March 29 - Morgan Stanley priced $9.5 million of 0% buffered Performance Leveraged Upside Securities due March 22, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in the index, up to a maximum payout of $11.90 per note.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $9.5 million
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Maturity: | March 22, 2013
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 19%; exposure to losses beyond 10%
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Initial index level: | 1,313.8
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Pricing date: | March 25
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Settlement date: | March 30
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 2.25%
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Cusip: | 61760E770
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