By Jennifer Chiou
New York, July 28 - Morgan Stanley priced $11.5 million of 0% jump securities due Aug. 25, 2011 linked to the Philadelphia Oil Service Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is greater than the initial level, the payout at maturity will be par of $10.00 plus an upside payment of $2.10. Investors will be exposed to any index decline.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Jump securities
|
| Underlying index: | Philadelphia Oil Service Sector index
|
| Amount: | $11.5 million
|
| Maturity: | Aug. 25, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 21% if index finishes above initial level; full exposure to any index decline
|
| Initial index level: | 181.52
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
| Cusip: | 61759G547
|
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