By Marisa Wong
Madison, Wis., April 1 - Morgan Stanley priced $13.75 million of 0% buffered Performance Leveraged Upside Securities due Sept. 29, 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 200% of any index gain, up to a maximum return of 21%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $13.75 million
|
| Maturity: | Sept. 29, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 21%; par if index falls by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial level: | 1,569.19
|
| Pricing date: | March 28
|
| Settlement date: | April 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61761M698
|
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