By Jennifer Chiou
New York, Oct. 12 - Morgan Stanley priced $6.9 million of 0% index Leading Stockmarket Return Securities due Oct. 11, 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index remains above 80% of its initial level throughout the life of the notes, the payout at maturity will be par of $10 plus the greater of the index return and a fixed percentage of 17%.
If the index falls to or below 80% of its initial level during the life of the notes, the payout will be par plus the index return, with exposure to any losses.
Morgan Stanley & Co. Inc. is the underwriter.
| Issuer: | Morgan Stanley
|
| Issue: | Index Leading Stockmarket Return Securities
|
| Underlying index: | S&P 500
|
| Amount: | $6.9 million
|
| Maturity: | Oct. 11, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index never falls by 20% or more, par plus greater of index return and 17%; otherwise, par plus index return
|
| Initial index level: | 1,158.06
|
| Threshold value: | 926.448, 80% of initial level
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 13
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Fees: | 3%
|
| Cusip: | 61759G414
|
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