By Susanna Moon
Chicago, Nov. 19 – Morgan Stanley priced $1.29 million of 0% trigger Performance Leveraged Upside Securities due May 19, 2015 linked to a basket of five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying commodities 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 of $10 plus double any basket gain.
Investors will receive par if the basket falls by 5% or less and will be fully exposed to any losses if the basket finishes below the 95% 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, equally weighted
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| Amount: | $1,288,000
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| Maturity: | May 19, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any basket gain; par if basket falls by 5% or less; otherwise, full exposure to any losses
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| Trigger level: | 95% of the initial level
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 19
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.25%
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| Cusip: | 61762GCJ1
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