By Angela McDaniels
Tacoma, Wash., Oct. 12 - Morgan Stanley priced $15.4 million of 0% notes due Oct. 15, 2013 linked to the performance of three baskets of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The first basket includes the Brazilian real, the Canadian dollar and the Mexican peso. The second basket includes the Polish zloty, the Norwegian krone and the Swedish krona. The third basket includes the Australian dollar, the Indian rupee and the Russian ruble. Each currency has a weight of one-third in its respective basket. A basket will have a positive return if it appreciates relative to the U.S. dollar.
The reference asset return will equal 50% of the best-performing basket's return plus 35% of the second-best-performing basket's return plus 15% of the worst-performing basket's return.
The payout at maturity will be par plus the reference asset return, which could be positive or negative, subject to a minimum payout of 95% of par.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Notes
|
| Underlying baskets: | Brazilian real, Canadian dollar and Mexican peso; Polish zloty, Norwegian krone and Swedish krona; Australian dollar, Indian rupee and Russian ruble; each currency has a weight of one-third in its respective basket
|
| Amount: | $15.4 million
|
| Maturity: | Oct. 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus reference asset return, which could be positive or negative, subject to minimum payout of 95% of par; reference asset return equals 50% of best-performing basket's return plus 35% of second-best-performing basket's return plus 15% of worst-performing basket's return
|
| Initial exchange rates: | 1.76625 for real; 1.0311 for Canadian dollar; 13.2712 for peso; 3.23465 for zloty; 5.7999 for krone; 6.76065 for krona; 0.9846 for Australian dollar; 49.1355 for rupee; 32.2027 for ruble
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 14
|
| Agent: | Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC as dealer
|
| Fees: | 1.5%
|
| Cusip: | 617482SF2
|
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