By Angela McDaniels
Tacoma, Wash., Aug. 31 - Morgan Stanley priced $2.88 million of 0% trigger securities due Aug. 31, 2012 linked to the performance of a hybrid basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the iShares MSCI Emerging Markets index fund with a 70% weight and gold with a 30% weight.
If the basket return is positive, the payout at maturity will be par plus the basket gain, subject to a maximum return of 33%.
If the basket return is negative, the payout will be par if the basket never falls to or below the trigger level - 65% of the initial basket level - during the life of the notes.
If the basket return is negative and the basket breaches the trigger level during the life of the notes, the payout will be par plus the basket return.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger securities
|
| Underlying basket: | iShares MSCI Emerging Markets index fund (70% weight) and gold (30% weight)
|
| Amount: | $2,876,000
|
| Maturity: | Aug. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, up to maximum return of 33%; par if basket return is negative and basket remains above trigger level throughout life of notes; otherwise, full exposure to basket decline
|
| Initial levels: | $40.50 for ETF and $1,235.00 for gold
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 31
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.6875%
|
| Cusip: | 617482ND2
|
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