Published on 7/29/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.33 million performance allocation notes linked to three indexes
By Jennifer Chiou
New York, July 29 - Morgan Stanley priced $1.33 million principal amount of 0% performance allocation securities due July 29, 2016 linked to the S&P 500 index, the MSCI EAFE index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 103.5 for proceeds of $1.29 million.
The payout at maturity will be par of $10 plus the return of the best-performing index. The return could be positive or negative.
UBS Financial Services Inc. is the dealer, and Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance allocation securities
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Underlying indexes: | S&P 500, MSCI EAFE and MSCI Emerging Markets
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Amount: | $1,334,228.85
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Proceeds: | $1,289,110
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Maturity: | July 29, 2016
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Coupon: | 0%
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Price: | 103.5
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Payout at maturity: | Par of $10 plus return of best-performing index, which could be positive or negative
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Initial index levels: | 1,331.94 for S&P 500; 1,719.24 for MSCI EAFE; 1,156.56 for MSCI Emerging Markets
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Pricing date: | July 26
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Settlement date: | July 29
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Agents: | UBS Financial Services Inc. (dealer) and Morgan Stanley & Co. LLC (agent)
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Fees: | 3.5%
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Cusip: | 61760E473
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