By Angela McDaniels
Tacoma, Wash., March 1 - Morgan Stanley priced $14.5 million of Equity LinKed Securities due Aug. 30, 2012 linked to the common stock of Baker Hughes Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The six-month notes carry a coupon of 8% per year. Interest is payable monthly.
The payout at maturity will be par of $10 unless the final price of Baker Hughes stock is 75% or less of the initial share price, in which case the payout will be a number of Baker Hughes shares equal to $10 divided by the initial share price or, at Morgan Stanley's option, an amount in cash equal to the value of those shares.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Baker Hughes Inc. (NYSE: BHI:)
|
| Amount: | $14.5 million
|
| Maturity: | Aug. 30, 2012
|
| Coupon: | 8%, payable monthly
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final price of Baker Hughes stock is less than or equal to downside threshold price, 0.19608 Baker Hughes shares or equivalent value in cash; otherwise, par
|
| Initial share price: | $51.00
|
| Threshold price: | $40.80, 80% of initial
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 2
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61760T447
|
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