New Issue: Morgan Stanley prices $3.25 million 0% market-linked notes tied to gold

By Marisa Wong

Madison, Wis., Jan. 31 - Morgan Stanley priced $3.25 million of 0% market-linked notes due Jan. 31, 2018 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the gold return is positive, the payout at maturity will be par plus the gold return, subject to a minimum return of 12% and a maximum return of 55%.

If the commodity return is zero or negative, investors will receive par plus 12%, or $1,120 per $1,000 principal amount of notes.

Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.

Issuer:	Morgan Stanley
Issue:	Market-linked notes
Underlying commodity:	Gold
Amount:	$3,252,000
Maturity:	Jan. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If gold return is positive, par plus gold return, subject to a minimum return of 12% and maximum return of 55%; if return is zero or negative, par plus 12%
Initial price:	$1,726
Pricing date:	Jan. 27
Settlement date:	Jan. 31
Agent:	Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
Fees:	3.5%
Cusip:	617482L93

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