New Issue: Morgan Stanley prices $4.74 million trigger PLUS linked to gold, silver

By Susanna Moon

Chicago, March 5 - Morgan Stanley priced $4.74 million of 0% Performance Leveraged Upside Securities due Sept. 2, 2016 linked to a basket of two equally weighted precious metals, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying assets are gold and silver.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 31.2%.

If the basket falls by up to the 90% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying basket:	Gold and silver, equally weighted
Amount:	$4,736,000
Maturity:	Sept. 2, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at 31.2%; if basket falls by up 10%, par; otherwise, full exposure to any losses
Initial levels:	$1,326.50 for gold and 2,127¢ for silver
Trigger level:	90% of initial level
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61762GBD5

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