By Marisa Wong
Madison, Wis., Feb. 1 - Morgan Stanley priced $7.5 million of 0% Performance Leveraged Upside Securities due Feb. 27, 2014 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund price, up to a maximum return of 14%.
Investors will be fully exposed to any decline in the fund share price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $7.5 million
|
| Maturity: | Feb. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 14%; full exposure to losses
|
| Initial share price: | $44.13
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61761M235
|
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