By Toni Weeks
San Luis Obispo, Calif., July 30 – Morgan Stanley priced $40.5 million of 0% participation notes due Jan. 30, 2015 linked to the KBW Bank index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be (i) par plus (ii) the index return multiplied by the 100.48% adjustment factor.
Investors will lose some or all of their principal amount at maturity if the ending level has decreased from the initial level by more than about 0.48%, the filing noted.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Participation notes
|
| Underlying index: | KBW Bank index
|
| Amount: | $40.5 million
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 100.48% of index return
|
| Initial index level: | 71.1
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61761JSB6
|
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