By Angela McDaniels
Tacoma, Wash., April 2 - Morgan Stanley priced $4.25 million of 0% lookback entry Performance Leveraged Upside Securities due March 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the lowest closing level of the index during the period from March 28 through May 28.
The payout at maturity will be par of $10 plus 150% of any index gain, up to a maximum return of 32%. Investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Lookback entry Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $4.25 million
|
| Maturity: | March 30, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any index gain, subject to maximum return of 32%; full exposure to any index decline
|
| Initial index level: | Lowest closing index level from March 28 through May 28
|
| Pricing date: | March 28
|
| Settlement date: | April 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61761M706
|
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