Published on 10/1/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $7.6 million PLUS linked to S&P 500 index
By Jennifer Chiou
New York, Oct. 1 - Morgan Stanley priced $7.6 million of 0% Performance Leveraged Upside Securities due Oct. 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 14.5%. Investors will be exposed to any decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $7.6 million
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Maturity: | Oct. 30, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 300% of index return, subject to maximum return of 14.5%; exposure to losses
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Initial index level: | 1,447.15
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Pricing date: | Sept. 27
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Settlement date: | Oct. 2
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61755S628
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