New Issue: Morgan Stanley prices $23.82 million trigger jump securities on S&P 500

By Susanna Moon

Chicago, Dec. 2 - Morgan Stanley priced $23.82 million of 0% trigger jump securities due Dec. 5, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will equal par of $10.00 plus the greater of any gain and the upside payment of $4.50 per note.

Investors will receive par if the index falls by up to 35% and will be fully exposed to losses if the decline is more than 35%.

Morgan Stanley & Co. LLC is the agent, and Morgan Stanley Smith Barney LLC will handle distribution.

Issuer:	Morgan Stanley
Issue:	Trigger jump securities
Underlying index:	S&P 500
Amount:	$23,818,900
Maturity:	Dec. 5, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus the return, floor of 45%; par if index falls by up to 35%; full exposure to losses if index falls by more than 35%
Initial level:	1,246.96
Downside threshold:	810.524, 65% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC handling distribution
Fees:	3%
Cusip:	61760T256

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