New Issue: Morgan Stanley prices $1.16 million five-year notes linked S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 29 - Morgan Stanley priced $1.16 million of 0% equity-linked notes due Sept. 30, 2015 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 120% of the index return, subject to a minimum payout of par.

The final index level will be the average of its closing levels on March 28, June 27, Sept. 27 and Dec. 27 of each year from March 28, 2011 through Sept. 25, 2015.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Equity-linked notes
Underlying index:	S&P 500
Amount:	$1,162,000
Maturity:	Sept. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of index return; floor of par
Initial index level:	1,142.16
Final index level:	The average of its closing levels on March 28, June 27, Sept. 27 and Dec. 27 of each year from March 28, 2011 through Sept. 25, 2015
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Morgan Stanley & Co. Inc.
Fees:	0.5%
Cusip:	617482NS9

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