By Toni Weeks
San Luis Obispo, Calif., May 2 - Morgan Stanley priced $2.65 million of 0% Performance Leveraged Upside Securities due May 30, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par plus three times the fund return, subject to a maximum return of 13%.
Otherwise, investors will be exposed to losses.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | iShares Emerging Markets index fund
|
| Amount: | $2.65 million
|
| Maturity: | May 30, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 300% of the fund return, subject to a maximum return of 13%; full exposure to any losses
|
| Initial price: | $43.29
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Underwriter: | Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2%
|
| Cusip: | 61761M862
|
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