By Angela McDaniels
Tacoma, Wash., June 18 - Morgan Stanley priced $2.05 million of 0% lookback levered contingent buffered enhanced notes due June 18, 2015 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 150% of the index return, subject to a maximum return of 20.175%.
If the final index level is less than the initial level but greater than 90% of the initial level, the payout will be par.
If the final index level is 90% of the initial level or less, investors will be fully exposed to the index's decline.
The initial index level will be the index's lowest closing level during the period from and including the pricing date to and including Aug. 14.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Lookback levered contingent buffered enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.05 million
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| Maturity: | June 18, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return, subject to maximum return of 20.175%; if final index level is less than initial level but greater than 90% of initial level, par; full exposure to index's decline if final index level is 90% of initial level or less
|
| Initial index level: | Index's lowest closing level from and including pricing date to and including Aug. 14
|
| Pricing date: | June 14
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| Settlement date: | June 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 61761JJC4
|
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