By Angela McDaniels
Tacoma, Wash., March 9 - Morgan Stanley priced $1 million of 0% buffered Performance Leveraged Upside Securities due March 12, 2013 linked to the SPDR S&P MidCap 400 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any increase in the trust's share price, subject to a maximum return of 19.35%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying trust: | SPDR S&P MidCap 400 ETF trust
|
| Amount: | $1 million
|
| Maturity: | March 12, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any increase in trust's share price, up to maximum return of 19.35%; par if share price declines by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial share price: | $173.59
|
| Pricing date: | March 7
|
| Settlement date: | March 10
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.5%
|
| Cusip: | 617482SV7
|
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