New Issue: Morgan Stanley prices $6.86 million 0% buffered PLUS linked to S&P 500

By Jennifer Chiou

New York, Dec. 9 - Morgan Stanley priced $6.86 million of 0% buffered Performance Leveraged Upside Securities due June 14, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus triple any gain on the index, capped at a payout equal to 149.5% of par. Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% that the index declines beyond 15%.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$6,862,000
Maturity:	June 14, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at 49.5% return; par if index falls by up to 15%; 1% loss for each 1% index decline beyond 15%
Initial index level:	909.7
Pricing date:	Dec. 8
Settlement date:	Dec. 12
Agent:	Morgan Stanley & Co. Inc.
Fees:	0.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.