By Susanna Moon
Chicago, April 16 - Morgan Stanley priced $3.28 million of 0% trigger Performance Leveraged Upside Securities due Oct. 17, 2014 linked to a basket of six commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Brent blend crude oil with a 25% weight, copper with a 20% weight, corn with a 15% weight, gold with a 15% weight, soybeans with a 15% weight and gasoline RBOB with a 10% weight.
The payout at maturity will be par plus any 1.5 times any basket gain, up to a maximum return of $1,260 for each $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket drops below the 85% trigger.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying basket: | Brent blend crude oil (25% weight), copper (20% weight), corn (15% weight), gold (15% weight), soybeans (15% weight) and gasoline RBOB (10% weight)
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Amount: | $3,275,000
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Maturity: | Oct. 17, 2014
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 150% of any basket gain, capped at 26%; par if basket falls by 15% or less; full exposure to losses if basket drops below trigger
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Trigger level: | 85% of initial level
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Pricing date: | April 12
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Settlement date: | April 17
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 6174824F8
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