New Issue: Morgan Stanley prices $13.1 million PLUS on Market Vectors Gold Miners

By Marisa Wong

Madison, Wis., April 12 - Morgan Stanley priced $13.1 million of 0% Performance Leveraged Upside Securities due April 15, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the fund share price, up to a maximum payment of $14.80 per note.

Investors will be fully exposed to losses.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying ETF:	Market Vectors Gold Miners
Amount:	$13,102,100
Maturity:	April 15, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any fund gain, return capped at 48%; full exposure to losses
Initial price:	$63.95
Pricing date:	April 8
Settlement date:	April 13
Agent:	Morgan Stanley & Co. Inc.
Fees:	2.25%
Cusip:	61760E549

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