New Issue: Morgan Stanley prices $9.42 million buffered jump notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 20 - Morgan Stanley priced $9.42 million of 0% buffered jump securities due Nov. 25, 2015 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 17.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$9,419,000
Maturity:	Nov. 25, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus 17.5%; par if index falls by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	1,650.47
Pricing date:	May 16
Settlement date:	May 21
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61762E422

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