By Angela McDaniels
Tacoma, Wash., Aug. 15 - Morgan Stanley priced $42.46 million of 0% trigger Performance Leveraged Upside Securities due Aug. 16, 2016 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 plus 165% of any increase in the index.
If the final index level is greater than 50% of the initial level and less than or equal to the initial level, the payout will be par.
If the final index level is 50% of the initial level or less, the payout will be par multiplied by the quotient of the final index level divided by the initial index level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $42,464,800
|
| Maturity: | Aug. 16, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 165% of any increase in index; if index return is negative and final index level is greater than 50% of initial level, par; if final index level is 50% of initial level or less, par multiplied by quotient of final index level divided by initial index level
|
| Initial index level: | 1,172.64
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61760E291
|
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