By Angela McDaniels
Tacoma, Wash., Sept. 5 - Morgan Stanley priced $13.6 million of 0% buffered jump securities due Aug. 28, 2014 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par plus the greater of the ET return and 20%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that the share price declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
|
| Amount: | $13.6 million
|
| Maturity: | Aug. 28, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If ETF's shares finish above initial share price, par plus greater of ETF return and 20%; par if share price falls by 10% or less; 1% loss for every 1% that share price declines beyond 10%
|
| Initial share price: | $65.37
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61755S495
|
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