New Issue: Morgan Stanley prices $6.2 million return enhanced notes on S&P 500

By Angela McDaniels

Tacoma, Wash., April 30 - Morgan Stanley priced $6.2 million of 0% return enhanced notes due May 14, 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 double any gain in the index, subject to a maximum return of 16.6%. Investors will be fully exposed to any decline in the index.

Morgan Stanley & Co. LLC is the agent, and J.P. Morgan Securities LLC is the dealer.

Issuer:	Morgan Stanley
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$6,203,000
Maturity:	May 14, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in index, subject to maximum return of 16.6%; full exposure to any index decline
Initial index level:	1,582.24
Final level:	Average of index's closing levels on five trading days ending May 9, 2014
Pricing date:	April 26
Settlement date:	May 1
Agent:	Morgan Stanley & Co. LLC
Dealer:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	61761JFS3

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