New Issue: Morgan Stanley prices $3.43 million notes with partial protection tied to commodities

By Jennifer Chiou

New York, May 10 - Morgan Stanley priced $3.43 million of zero-coupon commodity-linked partial principal at risk securities due Nov. 12, 2014 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Brent blend crude oil, copper, corn, gasoline RBOB, gold, nickel, soybeans and sugar.

The payout at maturity will be par plus the basket return, subject to a minimum payout of $900 and a maximum payout of $1,480 per $1,000 principal amount of notes.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked partial principal at risk securities
Underlying assets:	Equal weights of Brent blend crude oil, copper, corn, gasoline RBOB, gold, nickel, soybeans and sugar
Amount:	$3,431,000
Maturity:	Nov. 12, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the basket return, subject to a minimum of $900 and a maximum of $1,480 per $1,000 principal amount
Initial prices:	$109.13 for Brent blend crude oil, $8,790 for copper, 686.25¢ for corn, $3.0901 for gasoline RBOB, $1,486.50 for gold, $24,430 for nickel, 1,326¢ for soybeans and 20.47¢ for sugar
Pricing date:	May 6
Settlement date:	May 11
Agent:	Morgan Stanley & Co. Inc.
Fees:	3%
Cusip:	617482TV6

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