Published on 1/8/2008 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.2 million PLUS notes linked to Dow Jones-AIG Commodity Index
By E. Janene Geiss
Philadelphia, Jan. 8 - Morgan Stanley priced $3,195,000 of 0% Performance Leveraged Upside Securities (PLUS) due Jan. 11, 2011 linked to the Dow Jones-AIG Commodity Index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 145% of any index gain. Investors will be fully exposed to any index decline.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities (PLUS)
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Underlying index: | Dow Jones-AIG Commodity Index
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Amount: | $3,195,000
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Maturity: | Jan. 11, 2011
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 145% of any index gain; full exposure to any index decline
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Initial index level: | 189.838
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Pricing date: | Jan. 4
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Settlement date: | Jan. 11
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 2%
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