New Issue: Morgan Stanley prices $1.03 million return enhanced notes linked to Ford

By Angela McDaniels

Tacoma, Wash., Oct. 15 – Morgan Stanley priced $1.03 million of 0% return enhanced notes due Oct. 28, 2015 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange.

If the stock return is positive, the payout at maturity will be par plus two times the stock return, up to a maximum return of 33.46%. If the stock return is negative, investors will have one-to-one exposure to the decline.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC is acting as dealer.

Issuer:	Morgan Stanley
Issue:	Return enhanced notes
Underlying stock:	Ford Motor Co. (NYSE: F)
Amount:	$1,028,000
Maturity:	Oct. 28, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If stock return is positive, par plus two times stock return, up to maximum return of 33.46%; if stock return is negative, one-to-one exposure to decline
Initial share price:	$13.79
Final share price:	Average of stock’s closing share prices on the five trading days ending Oct. 23, 2015
Pricing date:	Oct. 10
Settlement date:	Oct. 16
Agent:	Morgan Stanley & Co. LLC
Dealer:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	61761JTX7

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