By Angela McDaniels
Tacoma, Wash., June 24 - Morgan Stanley priced $5.27 million of 0% buffered Performance Leveraged Upside Securities due June 30, 2011 linked to the S&P GSCI Agricultural Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 34%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P GSCI Agricultural Index - Excess Return
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Amount: | $5.27 million
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Maturity: | June 30, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 34%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 57.13553
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Pricing date: | June 23
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Settlement date: | June 30
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 1.75%
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