New Issue: Morgan Stanley prices $7 million partial principal-at-risk notes linked to BRIC currencies

By Susanna Moon

Chicago, Aug. 30 - Morgan Stanley priced $7 million of 0% currency-linked partial principal at risk securities due Sept. 3, 2013 linked to a basket of four equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 2.1 times any basket gain.

Investors will be exposed to losses of up to 5%, with a minimum payment of $950 per $1,000 note.

Morgan Stanley & Co. LLC is the agent, and J.P. Morgan Securities LLC is the dealer.

Issuer:	Morgan Stanley
Issue:	Currency-linked partial principal at risk securities
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee, Chinese renminbi, equally weighted
Amount:	$7 million
Maturity:	Sept. 3, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 210% of any basket gain; exposure to losses of up to 5%, floor of 95% of par
Initial exchange rates:	1.6114 for real, 28.8921 for ruble, 46.0528 for rupee and 6.395 for renminbi
Pricing date:	Aug. 26
Settlement date:	Sept. 2
Agents:	Morgan Stanley & Co. LLC (agent), J.P. Morgan Securities LLC (dealer)
Fees:	1.5%
Cusip:	617482SE5

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