New Issue: Morgan Stanley prices $5 million trigger PLUS linked to S&P GSCI Crude Oil

By Angela McDaniels

Tacoma, Wash., May 4 – Morgan Stanley priced $5 million of 0% trigger Performance Leveraged Upside Securities due June 3, 2016 linked to the S&P GSCI Crude Oil Index – Excess Return, 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 141% of the index return, up to a maximum return of 20%. Investors will receive par if the index declines by 15% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 15%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P GSCI Crude Oil Index – Excess Return
Amount:	$4,999,000
Maturity:	June 3, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 141% of index return, up to 20% maximum return; par if final index level is less than or equal to initial level but greater than trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
Initial index level:	297.3421
Trigger level:	252.740785, 85% of the initial price
Pricing date:	April 30
Settlement date:	May 5
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61762GDT8

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