New Issue: Morgan Stanley prices $5.58 million contingent return notes on Russell

By Marisa Wong

Madison, Wis., Jan. 30 - Morgan Stanley priced $5.58 million of 0% contingent return optimization securities due Jan. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par of $10 plus the greater of the 8% contingent return and any index gain, up to a maximum return of 22.38%.

Otherwise, investors will be fully exposed to losses if the index falls by more than 25%.

Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.

Issuer:	Morgan Stanley
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000 index
Amount:	$5,575,900
Maturity:	Jan. 30, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above trigger level, par plus greater of 8% contingent return and any index gain, up to a maximum return of 22.38%; full exposure to losses if index falls by more than 25%
Initial level:	906.71
Trigger level:	680.03, 75% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
Fees:	2%
Cusip:	61761M193

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