New Issue: Morgan Stanley prices $3.33 million partial principal at risk notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Aug. 7 - Morgan Stanley priced $3.33 million of 0% equity-linked partial principal at risk securities due Aug. 10, 2015 linked to the Dow Jones industrial average, 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 of $10 plus 150% of the index return, subject to a maximum return of 27%. Otherwise, investors will lose 1% for every 1% that the final index level declines below the initial level, subject to a maximum loss of 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Equity-linked partial principal at risk securities
Underlying index:	Dow Jones industrial average
Amount:	$3,325,000
Maturity:	Aug. 10, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5% for every 1% that index gains, up to maximum return of 27%; 1% loss for every 1% that index declines, up to maximum loss of 10%
Initial index level:	13,096.17
Pricing date:	Aug. 3
Settlement date:	Aug. 8
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61755S537

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