New Issue: Morgan Stanley prices $14.09 million PLUS linked to S&P 500

By Susanna Moon

Chicago, March 5 - Morgan Stanley priced $14.09 million of 0% Performance Leveraged Upside Securities due March 31, 2015 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 triple any index gain, up to a maximum return of 11%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$14,087,650
Maturity:	March 31, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at 11%; exposure to any losses
Initial index level:	1,859.45
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61760S258

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