New issue: Morgan Stanley prices $14.4 million buffered jump securities linked to S&P 500 index

By Toni Weeks

San Diego, Aug. 24 - Morgan Stanley priced $14.4 million of 0% buffered jump securities due Aug. 24, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $1,000 plus the greater of the index return and the upside payment of $400 per security.

Investors will receive par if the index declines by up to 20% and will be exposed to losses beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$14,399,000
Maturity:	Aug. 24, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus greater of index return and upside payment of $400; par if index declines up to 20%; exposure to losses beyond 20%
Initial level:	1,123.53
Pricing date:	Aug. 19
Settlement date:	Aug. 24
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	617482XK5

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