New Issue: Morgan Stanley prices $2.57 million buffered jump securities tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 30 - Morgan Stanley priced $2.57 million of 0% buffered jump securities due Dec. 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of the index return and 34%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$2.57 million
Maturity:	Dec. 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus greater of index return and 34%; par if index falls by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index level:	1,257.54
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agent:	Morgan Stanley & Co. Inc.
Fees:	3%
Cusip:	617482PV0

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