By Jennifer Chiou
New York, Oct. 27 - Morgan Stanley priced $16.1 million of 16% annualized Equity LinKed Securities due April 24, 2012 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 unless Halliburton stock falls by 30% or more during the life of the notes, in which case the payout will be a number of Halliburton shares equal to $10 divided by the initial share price or, at the issuer's option, the value of those shares in cash.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $16.1 million
|
| Maturity: | April 24, 2012
|
| Coupon: | 16%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | If Halliburton stock falls to or below downside threshold price during life of notes, 0.02480 Halliburton shares or equivalent value in cash; otherwise, par
|
| Initial share price: | $35.12
|
| Threshold price: | $24.584 70% of initial share price
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61760P833
|
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