By Angela McDaniels
Tacoma, Wash., Feb. 5 - Morgan Stanley priced $7.2 million of 0% buffered Performance Leveraged Upside Securities due Feb. 11, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 50%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 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: | $7.2 million
|
| Maturity: | Feb. 11, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus double any index gain, up to maximum return of 50%; par if index falls by 15% or less; 1% loss for every 1% index decline beyond 15%
|
| Initial index level: | 832.23
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 11
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.5%
|
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