New Issue: Morgan Stanley prices $5 million market-linked securities on DJIA

By Jennifer Chiou

New York, July 11 - Morgan Stanley priced $5 million of 0% market-linked notes due July 10, 2014 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return, subject to a cap of 31%. Investors will share in losses of up to 10% and will receive a minimum payout of 90% of par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Market-linked notes
Underlying index:	Dow Jones Industrial Average
Amount:	$5 million
Maturity:	July 10, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, cap of 31%; investors share in up to 10% decline; floor of 90% of par
Initial level:	12,719.49
Pricing date:	July 7
Settlement date:	July 12
Agent:	Morgan Stanley & Co. LLC
Fees:	1.25%
Cusip:	61760E119

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