New Issue: Morgan Stanley prices $6.03 million buffered notes linked to S&P 500

By Marisa Wong

Madison, Wis., March 1 - Morgan Stanley priced $6.03 million of 0% buffered participation securities due May 5, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum return of 7%.

If the final index level is at least 91% of the initial level, the payout will be par.

If the final level is less than 91% of the initial level, investors will be exposed to losses beyond the 9% buffer.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered participation securities
Underlying index:	S&P 500
Amount:	$6.03 million
Maturity:	May 5, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 7%; if final index level is at least 91% of initial level, par; otherwise, exposure to losses beyond 9% buffer
Initial level:	1,515.99
Buffer level:	1,379.5509, 91% of initial level
Pricing date:	Feb. 27
Settlement date:	March 4
Agent:	Morgan Stanley & Co. LLC
Fees:	%
Cusip:	61761M631

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