New Issue: Morgan Stanley prices $2.88 million of three-year notes linked to commodity basket

By Marisa Wong

Madison, Wis., Jan. 25 - Morgan Stanley priced $2.88 million of 0% partial principal at risk securities due Jan. 28, 2014 linked to a commodity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P GSCI Brent Crude Index - Excess Return with a 20% weight; coal with a 15% weight; corn, gold and soybeans, each with a 12.5% weight; copper and nickel, each with a 10% weight; and cotton with a 7.5% weight.

The payout at maturity will be par plus the basket return, subject to minimum payout of $900 and a maximum payout of $1,250 per $1,000 principal amount.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked partial principal at risk securities
Underlying basket:	S&P GSCI Brent Crude Index - Excess Return with a 20% weight; coal with a 15% weight; corn, gold and soybeans, each with a 12.5% weight; copper and nickel, each with a 10% weight; and cotton with a 7.5% weight
Amount:	$2,875,000
Maturity:	Jan. 28, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return, subject to minimum of $900 and maximum of $1,250 per security
Initial index level:	682.4502
Initial prices:	$115.25 for coal; $6.5725 for corn; $1,343.50 for gold; $14.1225 for soybeans; $9,485 for copper; $25,900 for nickel; and $1.6183 for cotton
Pricing date:	Jan. 21
Settlement date:	Jan. 28
Agent:	Morgan Stanley & Co.
Fees:	2.4%
Cusip:	617482QS6

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