By Susanna Moon
Chicago, April 29 - Morgan Stanley priced $3.11 million of 0% Index Leading Stockmarket Return Securities due Oct. 31, 2012 linked to the S&P GSCI Grains index-Excess Return, according to an FWP with the Securities and Exchange Commission.
If the index finishes above the downside threshold level - 75% of its initial level - during the life of the notes, the payout at maturity will be par plus the greater of any index gain and 12%.
Otherwise, the payout will be par plus the index return with exposure to losses.
In either case, the maximum payout will be $1,320 per $1,000 principal amount.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Index Leading Stockmarket Return Securities
|
| Underlying index: | S&P GSCI Grains Index-Excess Return
|
| Amount: | $3,105,000
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the greater of any index gain and 12% if the index finishes above 75% of its initial level during the life of the notes; otherwise, par plus index return; cap of 32% in either case
|
| Initial index level: | 52.07483
|
| Pricing date: | April 27
|
| Settlement date: | May 2
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.14%
|
| Cusip: | 617482TU8
|
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