New Issue: Morgan Stanley prices $783,000 return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 15 – Morgan Stanley priced $783,000 of 0% return enhanced notes due Oct. 28, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus two times the index return, up to a maximum return of 13.48%. If the index return is negative, investors will have one-to-one exposure to the decline.

Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC is acting as dealer.

Issuer:	Morgan Stanley
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$783,000
Maturity:	Oct. 28, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus two times index return, up to maximum return of 13.48%; if index return is negative, one-to-one exposure to decline
Initial index level:	1,906.13
Final index level:	Average of index’s closing levels on the five trading days ending Oct. 28, 2015
Pricing date:	Oct. 10
Settlement date:	Oct. 16
Agent:	Morgan Stanley & Co. LLC
Dealer:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	61761JTY5

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