By E. Janene Geiss
Philadelphia, June 29 - Morgan Stanley priced a $2 million issue of zero-coupon capital-protected notes due July 6, 2012 linked to the performance of a basket of two currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is made up of equal weights of the Brazilian real and Chinese renminbi.
The payout at maturity will be par plus 150% of any gain in the basket against the dollar. Investors will receive at least par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Capital-protected notes
|
| Underlying currencies: | Equal weights of the Brazilian real and Chinese renminbi
|
| Amount: | $2 million
|
| Maturity: | July 6, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain against the dollar; floor of par
|
| Initial exchange rate: | 1.9396 for real; 6.8328 for renminbi
|
| Pricing date: | June 26
|
| Settlement date: | July 6
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
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