New Issue: Morgan Stanley prices $10.15 million index Lasers linked to S&P 500

By Marisa Wong

Madison, Wis., May 18 - Morgan Stanley priced $10.15 million of 0% index Leading Stockmarket Return Securities due May 21, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above 75% of its initial level, the payout at maturity will be par of $10 plus the greater of the index return and 10%.

If the index finishes at or below 75% of its initial level, the payout will be par plus the index return.

Morgan Stanley & Co. Inc. is the underwriter.

Issuer:	Morgan Stanley
Issue:	Index Leading Stockmarket Return Securities
Underlying index:	S&P 500
Amount:	$10,146,800
Maturity:	May 21, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above 75% of the initial level, par plus greater of index return and 10%; otherwise, par plus index return
Initial index level:	1,324.80
Downside threshold:	993.60, 75% of initial level
Pricing date:	May 16
Settlement date:	May 21
Underwriter:	Morgan Stanley & Co. Inc.
Fees:	2.25%
Cusip:	61755S263

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