By Marisa Wong
Madison, Wis., Jan. 30 - Morgan Stanley priced $7.74 million of 0% trigger jump securities due Jan. 30, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial index level, the payout at maturity will be par of $10 plus the greater of 25% and any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to losses if the index falls by more than 35%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $7.74 million
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, floor of 25%; par if index falls by up to 35%; full exposure to losses if index drops by more than 35%
|
| Initial index level: | 1,318.43
|
| Downside threshold: | 856.9795, 65% of initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61760T397
|
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