By Toni Weeks
San Diego, May 20 - Morgan Stanley priced $7.01 million of 0% buffered jump securities due April 2, 2012 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of equal weights of Brent crude oil, copper and corn.
If the final basket level is greater than the initial level, the payout at maturity will be par plus the 5.5% upside payment.
Investors will receive par if the basket declines by up to 15% and will lose 1.1764% for every 1% decline beyond 15%.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying components: | Brent crude oil, copper and corn, equally weighted
|
| Amount: | $7.01 million
|
| Maturity: | April 2, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5.5% if basket finishes above initial level; par if basket falls by 15% or less; 1.1764% loss for every 1% decline beyond 15%
|
| Initial prices: | $112.30 for Brent crude, $8,896.50 for copper, $7.4975 for corn
|
| Pricing date: | May 18
|
| Settlement date: | May 23
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1%
|
| Cusip: | 617482UM4
|
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