Based on the letter from Morgan Stanley about a week ago, each Pinnacle Notes Series 3 investor will get back US$152.51 and US99.23 (to be converted to SGD) for tranche A and B respectively.
This redemption value is based on a capital of US$5000 and S$5000 for tranche A and B respectively. This works out to be about 3% of the original investment amount. Unfortunately, for those who did not know about the exact nature of the Pinnacle Notes, they will be in for a nasty surprise.