By E. Janene Geiss
Philadelphia, March 18 - Morgan Stanley priced $3 million issue of 0% Performance Leveraged Upside Securities (PLUS) due March 31, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is at least the initial level, the payout at maturity will be par plus 200% of any index gain, capped at a maximum payout of 139.5% of par.
Otherwise, the payout will be par times the index performance.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities (PLUS)
|
| Underlying index: | S&P 500
|
| Amount: | $3 million |
|
| Maturity: | March 31, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% any index gain, capped at 139.5% of par; full exposure to any index decline
|
| Initial index level: | 1,288.14
|
| Pricing date: | March 14
|
| Settlement date: | March 24
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.85%
|
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