By Angela McDaniels
Tacoma, Wash., March 26 - Morgan Stanley priced $5 million of 0% Performance Leveraged Upside Securities (PLUS) due June 20, 2009 linked to shares of the iShares MSCI Taiwan index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10.00 plus 300% of the gain, subject to a maximum return of 21%. Investors will be fully exposed to any share price decline.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
|
Issue: | Performance Leveraged Upside Securities (PLUS)
|
Underlying ETF: | iShares MSCI Taiwan index fund
|
Amount: | $5 million
|
Maturity: | June 20, 2009
|
Coupon: | 0%
|
Price: | Par of $10.00
|
Payout at maturity: | Par plus 3% for each 1% share price gain, capped at maximum payout equal to 121% of par; full exposure to any share price decline
|
Initial share price: | $17.27
|
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.