New Issue: Morgan Stanley prices $2.5 million performance notes on Hang Seng China

By Toni Weeks

San Luis Obispo, Calif., July 31 – Morgan Stanley priced $2.5 million of 0% performance securities due July 31, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 142.5% of any index gain. Investors will be fully exposed to any decline in the index from its initial level.

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

Issuer:	Morgan Stanley
Issue:	Performance securities
Underlying index:	Hang Seng China Enterprises
Amount:	$2.5 million
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 142.5% of index return; full exposure to any losses
Initial level:	11,173.04
Pricing date:	July 28
Settlement date:	July 31
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	2.5%
Cusip:	61765G721

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