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Morgan Stanley plans to price trigger PLUS linked to S&P 500
By Marisa Wong
Madison, Wis., April 6 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due April 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 150% of any increase in the index, subject to a maximum payment of $13.00 to $13.20 per note.
If the final index level is less than or equal to the initial index level and the index has closed at or below the trigger level during the life of the notes, the payout will be par plus the index return. Otherwise, the payout will be par.
The trigger level is 70% of the initial index level.
The notes (Cusip: 61760E572) will price and settle in April.
Morgan Stanley & Co. Inc. is the agent.
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