By E. Janene Geiss
Philadelphia, Oct. 27 - Morgan Stanley priced $5 million of 0% equity-linked securities due May 29, 2014 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agent.
If the final index level is greater than the initial level, the payout at maturity will be par plus any gain on the index, subject to a maximum gain of $1,115.00 per note, or 111.5%.
If the final index level declines, investors will receive par.
The final index level will be the arithmetic average of the index's closing levels on the five consecutive trading days ending May 23, 2014.
| Issuer: | Morgan Stanley
|
| Issue: | Equity-linked securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $5 million
|
| Maturity: | May 29, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 111.5%; floor of par
|
| Initial index level: | 11,164.05
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 28
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 2.1%
|
| Cusip: | 617482PC2
|
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