New Issue: Morgan Stanley prices $6 million enhanced trigger jump notes linked to oil

By Angela McDaniels

Tacoma, Wash., July 23 – Morgan Stanley priced $6 million of 0% enhanced trigger jump securities due Aug. 20, 2015 linked to West Texas Intermediate light sweet crude oil, according to an FWP filing with the Securities and Exchange Commission.

If the final price of oil is at least 87.5% of the initial price of oil, the payout at maturity will be par plus the greater of 8.1% and the change in the price of oil. Otherwise, investors will be fully exposed to the decline in the price of oil.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying commodity:	West Texas Intermediate light sweet crude oil
Amount:	$6 million
Maturity:	Aug. 20, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of oil is greater than or equal to downside threshold, par plus greater of 8.1% and oil return; otherwise, full exposure to decline in price of oil
Initial oil price:	$103.13
Downside threshold:	$90.23875, 87.5% of initial price
Pricing date:	July 18
Settlement date:	July 23
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61762GBW3

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