New Issue: Morgan Stanley prices $183,000 jump securities linked to gold

By Angela McDaniels

Tacoma, Wash., April 27 - Morgan Stanley priced $183,000 of 0% commodity-linked jump notes due April 30, 2018 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price of gold, the payout at maturity will be par plus the greater of the gold return and 30%, subject to a maximum payment of $1,700 per $1,000 principal amount of notes. If the final price of gold is less than or equal to the initial price of gold, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked jump securities
Underlying commodity:	Gold
Amount:	$183,000
Maturity:	April 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of gold is greater than initial price of gold, par plus greater of gold return and 30%, subject to maximum payment of $1,700 per $1,000 principal amount of notes; if final price of gold is less than or equal to initial price, par
Initial gold price:	$1,637.75
Pricing date:	April 25
Settlement date:	April 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	617482N26

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