New Issue: Morgan Stanley prices $7.07 million leveraged buffered notes on S&P 500

By Toni Weeks

San Luis Obispo, Calif., Feb. 10 – Morgan Stanley price $7.07 million of 0% leveraged buffered index-linked notes due Oct. 11, 2016 tied 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 1.4 times any index gain, subject to a maximum settlement amount of $1,205.80 per $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond the 10% buffer.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$7,073,000
Maturity:	Oct. 11, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 140% of index gain, with maximum settlement amount of $1,205.80 per $1,000 note; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial level:	2,055.47
Buffer level:	1,849.923, 90% of initial level
Pricing date:	Feb. 6
Settlement date:	Feb. 13
Underwriter:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61761JWS4

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