By E. Janene Geiss
Philadelphia, Oct. 27 - Morgan Stanley priced $6 million of 12% annualized Equity LinKed Securities due April 25, 2011 linked to the common stock of Nvidia Corp., according to an FWP filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par of $10 unless Nvidia shares close at or below the threshold price - 80% of the initial share price - during the life of the notes, in which case the payout will be a number of Nvidia 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. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Nvidia Corp. (Symbol: NVDA)
|
| Amount: | $6 million
|
| Maturity: | April 25, 2011
|
| Coupon: | 12% per year, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | If Nvidia stock closes at or below downside threshold price during life of notes, 0.83963 Nvidia shares or value thereof in cash; otherwise, par
|
| Initial share price: | $11.91
|
| Downside threshold price: | $9.528, or 80% of initial price
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 28
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61759G372
|
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