New Issue: Morgan Stanley prices $9.9 million PLUS linked to S&P 500 index

By Marisa Wong

Madison, Wis., May 2 - Morgan Stanley priced $9.9 million of 0% Performance Leveraged Upside Securities due May 30, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 10.75%. Investors will be fully exposed to losses.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$9.9 million
Maturity:	May 30, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 10.75%; full exposure to losses
Initial index level:	1,597.57
Pricing date:	April 30
Settlement date:	May 3
Underwriters:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61761M854

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