By Marisa Wong
Madison, Wis., Aug. 27 - Morgan Stanley priced $63 million of 10% annualized Equity LinKed Securities due Feb. 22, 2011 linked to the common stock of Wells Fargo & Co., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par of $10 unless Wells Fargo stock closes at or below the threshold price - 80% of the initial share price - during the life of the notes, in which case the payout will be a number of Wells Fargo shares equal to $10 divided by the initial share price or, at the issuer's option, the value of those shares in cash.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Wells Fargo & Co. (Symbol: WFC)
|
| Amount: | $63 million
|
| Maturity: | Feb. 22, 2011
|
| Coupon: | 10% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | If Wells Fargo stock closes at or below downside threshold price during life of notes, 0.42373 Wells Fargo shares or value thereof in cash; otherwise, par
|
| Initial share price: | $23.60
|
| Downside threshold price: | $18.88, or 80% of initial price
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61759G638
|
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