New Issue: Morgan Stanley prices $1.42 million buffered jump notes tied to S&P 500

By Marisa Wong

Madison, Wis., March 29 - Morgan Stanley priced $1.42 million of 0% buffered jump securities due Sept. 30, 2016 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 level, the payout at maturity will be par plus the greater of the index gain and 45%.

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:	$1,419,000
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus greater of index gain and 45%; par if index falls by 20% or less; 1% loss per 1% drop beyond 20%
Initial index level:	1,412.52
Buffer level:	1,130.016, 80% of initial level
Pricing date:	March 27
Settlement date:	March 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	617482G65

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