New Issue: Morgan Stanley prices $18.56 million trigger PLUS on Energy Select SPDR

By Susanna Moon

Chicago, Nov. 5 – Morgan Stanley priced $18.56 million of 0% trigger Performance Leveraged Upside Securities due May 5, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 38.5%.

Investors will receive par if the fund falls by 20% or less and will be fully exposed to any losses if the fund finishes below the 80% trigger level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$18,559,760
Maturity:	May 5, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 38.5%; par if fund falls by 20% or less; otherwise, full exposure to any losses
Initial level:	$87.42
Trigger level:	$69.936, 80% of the initial level
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61764C465

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