By Angela McDaniels
Tacoma, Wash., March 30 - Morgan Stanley priced $2.9 million of 0% index Leading Stockmarket Return Securities due Jan. 31, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above 80% of its initial level, the payout at maturity will be par of $10 plus the greater of the index return and 10%.
If the index finishes at or below 80% of its initial level, the payout will be par plus the index return.
Morgan Stanley & Co. Inc. is the underwriter.
Issuer: | Morgan Stanley
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Issue: | Index Leading Stockmarket Return Securities
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Underlying index: | S&P 500
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Amount: | $2.9 million
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Maturity: | Jan. 31, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes above 80% of the initial level, par plus greater of index return and 10%; otherwise, par plus index return
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Initial index level: | 1,310.19
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Pricing date: | March 28
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Settlement date: | March 31
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Underwriter: | Morgan Stanley & Co. Inc.
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Fees: | 3%
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Cusip: | 61760E853
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