New Issue: Morgan Stanley prices $443,000 buffered jump notes tied to S&P 500

By Marisa Wong

Madison, Wis., June 28 - Morgan Stanley priced $443,000 of 0% buffered jump securities due Dec. 31, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of the index return and 35%. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered jump securities
Underlying index:	S&P 500
Amount:	$443,000
Maturity:	Dec. 31, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus greater of index return and 35%; par if index falls by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	1,319.99
Buffer level:	1,055.992, 80% of initial level
Pricing date:	June 26
Settlement date:	June 29
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	617482R89

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