By Jennifer Chiou
New York, July 28 - Morgan Stanley priced $2.63 million of 0% buffered jump securities due Dec. 23, 2011 linked to the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the real strengthens relative to the dollar, the payout at maturity will be par of $1,000 plus a 25% upside payment.
If the real weakens relative to the dollar by no more than 10%, investors will receive par.
If the real weakens relative to the dollar by more than 10%, investors will lose 1% for every 1% beyond the 10% buffer.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying asset: | Brazilian real relative to the dollar
|
| Amount: | $2,633,000
|
| Maturity: | Dec. 23, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 25% if real strengthens relative to the dollar; par for losses up to 10%; investors share in losses beyond the buffer
|
| Initial exchange rate: | 1.7669 reais per dollar
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
| Cusip: | 617482KB9
|
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