By Marisa Wong
Madison, Wis., Aug. 27 - Morgan Stanley priced $31 million of 12% annualized Equity LinKed Securities due Feb. 22, 2011 linked to the common stock of Baker Hughes Inc., according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par of $10 unless Baker Hughes stock closes at or below the threshold price - 80% of the initial share price - during the life of the notes, in which case the payout will be a number of Baker Hughes shares equal to $10 divided by the initial share price or, at the issuer's option, the value of those shares in cash.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Baker Hughes Inc. (Symbol: BHI)
|
| Amount: | $31 million
|
| Maturity: | Feb. 22, 2011
|
| Coupon: | 12% per year, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | If Baker Hughes stock closes at or below downside threshold price during life of notes, 0.25681 Baker Hughes shares or value thereof in cash; otherwise, par
|
| Initial share price: | $38.94
|
| Downside threshold price: | $31.152, or 80% of initial price
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61759G620
|
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