New Issue: Morgan Stanley prices $15.15 million trigger jump securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 1 - Morgan Stanley priced $15.15 million of 0% trigger jump securities due May 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the greater of 61% and the index return. If the final index level is 50% to 100% of the initial level, the payout will be par. If the final index level is less than 50% of the initial level, investors will be fully exposed to the decline from the initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger jump securities
Underlying index:	S&P 500
Amount:	$15.15 million
Maturity:	May 30, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus greater of 61% and index return; par if final index level is 50% to 100% of initial level; full exposure to index decline if final index level is less than 50% of initial level
Initial index level:	1,313.32
Downside threshold:	656.66, 50% of initial level
Pricing date:	May 30
Settlement date:	June 4
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61755S164

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