By Angela McDaniels
Tacoma, Wash., Nov. 29 - Morgan Stanley priced $7.5 million of 2% currency-linked partial principal at risk securities due May 22, 2015 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Canadian dollar, Norwegian krone, Russian ruble and South African rand.
Interest is payable semiannually.
The payout at maturity will be par plus the basket return, subject to a maximum loss of 10% if the basket depreciates relative to the U.S. dollar.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Currency-linked partial principal at risk securities
|
| Underlying currencies: | Brazilian real, Canadian dollar, Norwegian krone, Russian ruble and South African rand, equally weighted
|
| Amount: | $7.5 million
|
| Maturity: | May 22, 2015
|
| Coupon: | 2%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, subject to maximum loss of 10% if basket depreciates relative to U.S. dollar
|
| Initial exchange rates: | 1.7336 for real; 1.02105 for Canadian dollar; 6.0906 for krone; 31.2635 for ruble; 7.0735 for rand
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 29
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 3%
|
| Cusip: | 617482KD5
|
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