By Marisa Wong
Madison, Wis., Dec. 28 - Morgan Stanley priced $13.68 million of 0% buffered Performance Leveraged Upside Securities due Dec. 31, 2015 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund price, up to a maximum return of 96.1%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares Dow Jones U.S. Real Estate index fund
|
| Amount: | $13.68 million
|
| Maturity: | Dec. 31, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 96.1%; par if share price falls by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial share price: | $64.39
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 61761JBD0
|
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