New Issue: Morgan Stanley prices $4.4 million Bear Market PLUS notes linked to Nasdaq 100

By Angela McDaniels

Tacoma, Wash., March 26 - Morgan Stanley priced $4.4 million of 0% Bear Market Performance Leveraged Upside Securities (PLUS) due April 20, 2009 linked to the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial level, the payout at maturity will be par plus 4% for 1% decline in the index. Otherwise, the payout will be par minus 1% for each 1% index gain. For each $10.00 principal amount, the payout has a cap of $12.80 and a floor of $2.00.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Bear Market Performance Leveraged Upside Securities (PLUS)
Underlying index:	Nasdaq 100
Amount:	$4.4 million
Maturity:	April 20, 2009
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 400% of the absolute value of any index decline, capped at maximum return of 28%; par minus 1% for each 1% index gain, capped at maximum loss of 80%
Initial index level:	1,814.4
Pricing date:	March 24
Settlement date:	March 31
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.5%

© 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.