By E. Janene Geiss
Philadelphia, Oct. 28 - Morgan Stanley priced $1.2 million 0% Bear Market Performance Leveraged Upside Securities due Nov. 20, 2009 linked inversely to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 400% of the absolute value of any decline in index, subject to a maximum payout of $12.80 per note.
If the index increases, the payout will be par minus the gain, up to a loss of 80%. Investors will receive at least $2.00 per note.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Bear Market Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.2 million
|
| Maturity: | Nov. 20, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 400% of the absolute value of any index decline, capped at $12.80; par minus 1% for every 1% index gain, with a minimum payment of $2.00 per note
|
| Initial level: | 876.77
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 31
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
