New Issue: Morgan Stanley prices $3.11 million return optimization notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 30 - Morgan Stanley priced $3.11 million of 0% return optimization securities due June 30, 2014 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 level, the payout at maturity will be par of $10 plus triple the index gain, subject to a maximum return of 12.77%. If the final index level is less than the initial level, investors will be fully exposed to the index's decline.

Morgan Stanley & Co. LLC is the underwriter, and UBS Financial Services Inc. is agent.

Issuer:	Morgan Stanley
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$3,114,780
Maturity:	June 30, 2014
Coupon:	0%
Price:	Par of $10.00 for brokerage accounts; $9.80 for advisory accounts
Payout at maturity:	If final index level is greater than initial level, par plus 300% of index gain, subject to maximum return of 12.77%; full exposure to any index decline
Initial index level:	1,660.06
Pricing date:	May 28
Settlement date:	May 31
Underwriter:	Morgan Stanley & Co. LLC
Agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	61762E463

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