By Angela McDaniels
Tacoma, Wash., Aug. 28 - Morgan Stanley priced $3.93 million of 0% Outperformance Performance Leveraged Upside Securities due Feb. 28, 2014 linked to the performance of the S&P 100 index relative to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The outperformance return will equal the return of the S&P 100 minus the return of the Russell 2000. The outperformance return will be positive if the S&P 100 outperforms the Russell 2000 and negative if the S&P 100 underperforms the Russell 2000.
If the S&P 100 outperforms the Russell 2000, the payout at maturity will be par of $10 plus 300% of the outperformance return, subject to a maximum return of 11%.
If the S&P 100 underperforms the Russell 2000, the payout will be par plus the outperformance return, which will result in investors receiving less than par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Outperformance Performance Leveraged Upside Securities
|
| Underlying indexes: | S&P 100 and Russell 2000
|
| Amount: | $3,933,000
|
| Maturity: | Feb. 28, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If S&P 100 outperforms Russell 2000, par plus 300% of outperformance return, subject to maximum return of 11%; if S&P 100 underperforms Russell 2000, par plus outperformance return, which will result in investors receiving less than par
|
| Outperformance return: | Return of S&P 100 index minus return of Russell 2000 index
|
| Initial index levels: | 694.04 for S&P 100 and 809.19 for Russell 2000
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61755S545
|
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