New Issue: Morgan Stanley prices $25.51 million jump securities on Philadelphia Oil Service Sector

By Jennifer Chiou

New York, May 20 - Morgan Stanley priced $25.51 million of 0% jump securities due Nov. 23, 2011 linked to the Philadelphia Oil Service Sector index, according to an FWP with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus an upside payment of $1.13 per $10.00 security.

Investors will be fully exposed to losses.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Jump securities
Underlying index:	Philadelphia Oil Service Sector index
Amount:	$25,509,440
Maturity:	Nov. 23, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus 11.3%; full exposure to losses
Initial index level:	265.52
Pricing date:	May 18
Settlement date:	May 23
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.25%
Cusip:	61760E697

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