New Issue: Morgan Stanley prices $4.59 million commodity-linked notes on gold

By Jennifer Chiou

New York, Sept. 28 - Morgan Stanley priced $4.59 million of 0% commodity-linked notes due Sept. 29, 2017 tied to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the percentage change of gold, subject to a minimum return of 7% and a maximum return of 75%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked notes
Underlying commodity:	Gold
Amount:	$4,586,000
Maturity:	Sept. 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus percentage change of gold, subject to a minimum return of 7% and a maximum return of 75%
Initial price:	$1,598
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	617482VX9

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