By Toni Weeks
San Diego, May 26 - Morgan Stanley priced $24 million of 0% equity-linked partial principal at risk securities due May 24, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return.
Investors will receive a minimum of $9 per $10 security if the index falls.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Equity-linked securities
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Underlying index: | S&P 500
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Amount: | $24 million
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Maturity: | May 24, 2017
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus any index return, subject to a floor of $9.00
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Initial level: | 1,316.28
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Pricing date: | May 24
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Settlement date: | May 27
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 3.5%
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Cusip: | 61760E630
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