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Published on 12/4/2015 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $3.42 million trigger performance notes on Bloomberg Commodity

By Marisa Wong

Morgantown, W.Va., Dec. 4 – Morgan Stanley priced $3.42 million of 0% trigger performance securities due Nov. 28, 2025 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 211.4% of any index gain.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

Issuer:Morgan Stanley
Issue:Trigger performance securities
Underlying index:Bloomberg Commodity Index 3 Month Forward
Amount:$3.42 million
Maturity:Nov. 28, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 211.4% of any index gain; par if index falls by up to 30%; full exposure to losses from initial level if index falls by more than 30%
Initial level:186.4495
Trigger level:130.5147, 70% of initial level
Pricing date:Nov. 24
Settlement date:Nov. 30
Agents:Morgan Stanley & Co. LLC and UBS Financial Services Inc.
Fees:5%
Cusip:61765U159

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