By Susanna Moon
Chicago, Sept. 13 - Morgan Stanley priced $1.15 million of 0% trigger Performance Leveraged Upside Securities due Sept. 14, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index.
The payout will be par if the index finishes below the initial level but above the trigger level, which is 50% of the initial level.
Investors will be fully exposed to losses if the index finishes below the trigger.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,145,000
|
| Maturity: | Sept. 14, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls but finishes above trigger; full exposure to losses if index finishes below trigger
|
| Initial level: | 1,154.23
|
| Trigger level: | 577.115, or 50% of initial level
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 14
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 617482XV1
|
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