By Marisa Wong
Madison, Wis., May 8 - Morgan Stanley priced $25.6 million of 0% delta-one notes due Feb. 10, 2015 linked to the Stoxx Europe 600 Basic Resources index and the euro, according to a 424B2 filing with the Securities and Exchange Commission.
The performance of the index will be adjusted by the performance of the euro relative to the dollar. On any day, the currency-adjusted index level will equal the closing level of the index on that day multiplied by the spot rate on that day.
The payout at maturity will be par plus the index return, which could be positive or negative. When calculating the index return, the final index level will be multiplied by an adjustment factor of 101%. Because of the adjustment factor and the positive effect it has on the payout, investors will lose some or all of their principal amount if the final level is less than the initial level by more than 0.99%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Delta-one notes
|
| Underlying index: | Stoxx Europe 600 Basic Resources
|
| Underlying currency: | Euro
|
| Amount: | $25.6 million
|
| Maturity: | Feb. 10, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, which could be positive or negative; when calculating index return, final index level will be multiplied by adjustment factor of 101%
|
| Initial level: | 569.790035 (closing index level on pricing date of 408.95 multiplied by spot rate on pricing date of 1.3933)
|
| Pricing date: | May 6
|
| Settlement date: | May 9
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61761JQW2
|
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