By Susanna Moon
Chicago, June 4 - Morgan Stanley priced $14 million of 0% Performance Leveraged Upside Securities due June 30, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum payout of par plus 11%.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer is the underwriter.
| Issuer: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $14 million
|
| Maturity: | June 30, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 11%; exposure to any losses
|
| Initial index level: | 1,630.74
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Underwriters: | Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 2%
|
| Cusip: | 61762E315
|
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