New Issue: Morgan Stanley prices $7.1 million PLUS linked to S&P 500

By Marisa Wong

Morgantown, W.Va., March 18 – Morgan Stanley priced $7.1 million of 0% Performance Leveraged Upside Securities due July 6, 2017 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 triple the index’s gain, subject to a maximum return of 16.1%.

Investors will be fully exposed to the losses if the index declines.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$7,096,970
Maturity:	July 6, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at 16.1%; full exposure to any index decline
Initial level:	2,027.22
Pricing date:	March 16
Settlement date:	March 21
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61766A178

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