By Susanna Moon
Chicago, Oct. 15 – Morgan Stanley priced $3 million of 0% trigger Performance Leveraged Upside Securities due April 15, 2015 linked to a basket of five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are West Texas Intermediate light sweet crude oil futures contracts, copper spot price, platinum fixing price, milk futures contracts and live cattle futures contracts.
The payout at maturity will be par plus 180% of any basket gain.
Investors will receive par if the basket falls up to 10% and will be fully exposed to any losses if the basket finishes below the 90% trigger level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying basket: | West Texas Intermediate light sweet crude oil futures contracts, copper spot price, platinum fixing price, milk futures contracts and live cattle futures contracts
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| Amount: | $3 million
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| Maturity date: | April 15, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 180% of any basket gain; par if basket falls by up to 10%; otherwise, full exposure to losses
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| Trigger levels: | 90% of initial level
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 16
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.25%
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| Cusip: | 61762GCF9
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