New Issue: Morgan Stanley prices $2.08 million buffered jump notes on S&P 500

By Jennifer Chiou

New York, Sept. 28 - Morgan Stanley priced $2.08 million of 0% buffered jump securities due Sept. 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the initial index level, the payout at maturity will be par plus the gain, with a minimum return of 40%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$2,082,000
Maturity:	Sept. 29, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus the return with floor of 40%; par if index falls by 20% or less; 1% loss for every 1% decline beyond 20%
Initial index level:	1,162.95
Trigger level:	930.36, 80% of initial level
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	617482YE8

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