By Angela McDaniels
Tacoma, Wash., Oct. 27 - Morgan Stanley priced $2.2 million of 0% participation securities due Oct. 27, 2014 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the SPDR S&P 500 ETF trust, the iShares MSCI Emerging Markets index fund and the iShares MSCI EAFE index fund.
The payout at maturity will be par of $10 plus the basket return, which could be positive or negative. The notes are not principal protected.
The ETF with the best performance will be given a 60% weight in the basket, the ETF with the second-best performance will be given a 40% weight, and the ETF with the worst performance will be given a weight of zero.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Performance securities
|
| Underlying ETFs: | SPDR S&P 500 ETF trust, iShares MSCI Emerging Markets index fund and iShares MSCI EAFE index fund
|
| Amount: | $2.2 million
|
| Maturity: | Oct. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus basket return; ETF with best performance will have 60% weight in basket, ETF with second-best performance will have 40% weight, and ETF with worst performance will have weight of zero
|
| Initial share prices: | $123.08 for SPDR S&P 500; $39.58 for iShares MSCI Emerging Markets; $51.95 for iShares MSCI EAFE index fund
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 28
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 3%
|
| Cusip: | 61760P783
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