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Morgan Stanley plans two-year trigger securities linked to S&P 500
By Susanna Moon
Chicago, June 14 - Morgan Stanley plans to price 0% trigger securities due June 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index value is greater than the initial value, the payout at maturity will be par of $10.00 plus the index gain, up to a maximum return of $12.80 to $13.30 per note. The exact cap will be set at pricing.
If the final index value is equal to or less than its initial level, the payout will be par if the index has never fallen below the trigger level - 75% of the initial level - during the life of the notes. Otherwise, the payout will be par plus the index return.
Morgan Stanley & Co. Inc. is the agent.
The Cusip is 61760E424.
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