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Published on 6/29/2010 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $3.69 million 0% buffered PLUS on DJ - UBS Commodity via JPMorgan

By Susanna Moon

Chicago, June 29 - Morgan Stanley priced $3.69 million of 0% buffered Performance Leveraged Upside Securities due Jan. 3, 2012 based on the Dow Jones - UBS Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

The payout at maturity will be par plus 1.2 times any index gain, up to a maximum of $1,180 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.176% loss for each 1% decline beyond 15%.

Issuer:Morgan Stanley
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:Dow Jones - UBS Commodity Index 3 Month Forward
Amount:$3,694,000
Maturity:Jan. 3, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus 120% of any index gain, capped at 18%; 1.176% loss for each 1% drop beyond 15%
Initial index level:265.3188
Pricing date:June 25
Settlement date:July 2
Agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:1.25%
Cusip:617482MC5

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