New Issue: Morgan Stanley prices $5.49 million Buffered PLUS linked to S&P 500

By Marisa Wong

Madison, Wis., Jan. 2 - Morgan Stanley priced $5.49 million of 0% Buffered Performance Leveraged Upside Securities due June 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 18.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$5,489,810
Maturity:	June 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 18.5%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial index level:	1,841.07
Pricing date:	Dec. 30
Settlement date:	Jan. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61762W729

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