By Laura Lutz
Des Moines, May 2 - Morgan Stanley priced $6 million of 0% leveraged U.S. inflation-linked notes due May 12, 2011 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.
At maturity, the payout will be based on a spread equal to the index return minus 7.95%. That spread may be positive or negative.
The payout will be equal to par plus 15 times that spread, subject to a minimum payout equal to 50% of par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Leveraged U.S. inflation-linked notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $6 million
|
| Maturity: | May 12, 2011
|
| Coupon; | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 15 times difference of index return minus 7.95%; floor of 50% of par
|
| Initial level: | 213.528
|
| Pricing date: | May 1
|
| Settlement date: | May 12
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.9%
|
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