By Jennifer Chiou
New York, Oct. 16 - Morgan Stanley priced $711,000 of zero-coupon principal-protected absolute return barrier notes due Oct. 20, 2010 linked to the Dow Jones - AIG Commodity index, according to an FWP filing with the Securities and Exchange Commission.
If the index stays within a specified range of its initial level during the life of the notes, the payout at maturity will be par plus the absolute value of the index return, subject to a maximum return on the notes of 150%.
Otherwise, the payout will be par.
The lower barrier of the range is 50% of the initial index level. The upper barrier is 150% of the initial level.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Principal-protected absolute return barrier notes
|
| Underlying index: | Dow Jones - AIG Commodity
|
| Amount: | $711,000
|
| Maturity: | Oct. 20, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index stays within 50% to 150% of the initial level, the payout will be par plus the absolute value of the index return, capped at 150%; otherwise, par
|
| Initial level: | 144.865
|
| Range: | 72.4325 (50% of initial level) to 217.2975 (150% of initial level)
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 21
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
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