By Susanna Moon
Chicago, Oct. 14 - Morgan Stanley priced $2.57 million of 0% trigger Performance Leveraged Upside Securities due Oct. 14, 2015 linked to the S&P GSCI Gold Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.28 times any gain in the index.
Investors will receive par if the index falls by up to 35% and will be fully exposed to the decline if the index falls beyond the trigger level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P GSCI Gold Index - Excess Return
|
| Amount: | $2,569,000
|
| Maturity date: | Oct. 14, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 128% of any index gain; par if index falls by up to 35%; full exposure to losses if index falls beyond 35%
|
| Initial level: | 144.0468
|
| Trigger level: | 93.63042, or 65% of initial level
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 14
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 617482VW1
|
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