New Issue: Morgan Stanley prices $19.41 million trigger performance securities tied to S&P 500

By Marisa Wong

Madison, Wis., July 30 - Morgan Stanley priced $19.41 million of 0% trigger performance securities due July 31, 2018 linked 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 of $10 plus 135.54% of the index return.

Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls more than 40%.

Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is the dealer.

Issuer:	Morgan Stanley
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$19,406,350
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 135.54% of index return; par if index falls by up to 40%; full exposure to losses if index falls more than 40%
Initial level:	1,691.65
Trigger level:	1,014.99, 60% of initial level
Pricing date:	July 26
Settlement date:	July 31
Agent:	Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
Fees:	5%
Cusip:	61762E877

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