New Issue: Morgan Stanley prices $8.75 million Buffered PLUS linked to S&P 500

New York, June 4 - Morgan Stanley priced $8.75 million of 0% Buffered Performance Leveraged Upside Securities due Nov. 30, 2015 tied to the S&P 500 index, 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 200% of the index return, subject to a maximum payout of par plus 20%. Investors will receive par if the index falls by up to 10% and will lose % for every 1% decline in the index beyond 10%.

Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer is the underwriter.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$8.75 million
Maturity:	Nov. 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payout of par plus 20%; par if index falls by up to 10%; % loss for every 1% decline beyond 10%
Initial index level:	1,630.74
Pricing date:	May 31
Settlement date:	June 5
Underwriters:	Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as dealer
Fees:	2.25%
Cusip:	61762E307

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