By Susanna Moon
Chicago, June 24 - Morgan Stanley priced $4.46 million of 0% bear market Performance Leveraged Upside Securities due Dec. 27, 2011 linked inversely to the iShares Russell 2000 Growth index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double the absolute value of any fund loss, up to a maximum return of $11.10 per note.
Investors will lose 1% for each 1% share gain, with a minimum payout of $1.00 per note.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Bear market Performance Leveraged Upside Securities
|
| Underlying fund: | iShares Russell 2000 Growth index fund
|
| Amount: | $4,463,000
|
| Maturity: | Dec. 27, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2% for each 1% fund drop, capped at 11%; 1% loss for each 1% gain in fund; minimum payout of $1.00 per note
|
| Initial level: | $90.75
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.2%
|
| Cusip: | 61760E440
|
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