By Angela McDaniels
Tacoma, Wash., May 20 - Morgan Stanley priced $14.75 million of Equity LinKed Securities due Nov. 23, 2010 linked to the common stock of AMR Corp., according to an FWP filing with the Securities and Exchange Commission.
The six-month notes carry an annualized coupon of 22.5%. Interest is payable monthly.
The payout at maturity will be par of $10 unless AMR stock closes at or below 70% of its initial price on any day during the life of the notes, in which case the payout will be a number of AMR shares equal to $10 divided by the initial share price or, at the issuer's option, the cash value of those shares.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | AMR Corp. (NYSE: AMR)
|
| Amount: | $14.75 million
|
| Maturity: | Nov. 23, 2010
|
| Coupon: | 22.5%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | If AMR stock closes at or below downside threshold price during life of notes, 1.42653 AMR shares or cash value thereof; otherwise, par
|
| Initial share price: | $7.01
|
| Downside threshold price: | $4.907, 70% of initial price
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61759G760
|
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