New Issue: Morgan Stanley prices $5 million trigger PLUS tied to Dow Jones - UBS Commodity index

By Toni Weeks

San Diego, Dec. 27 - Morgan Stanley priced $5 million of 0% trigger Performance Leveraged Upside Securities due Dec. 28, 2015 linked to the Dow Jones - UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 160% of any gain in the index.

Investors will receive par if the index falls up to 65% and will be fully exposed to losses from the initial level if it drops more than 65%.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	Dow Jones - UBS Commodity index
Amount:	$4,997,000
Maturity date:	Dec. 28, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 160% of gain; par if index falls by up to 65%; par plus index return with full exposure to losses if fund falls beyond 65%
Initial level:	141.0856
Trigger level:	91.70564, 65% of initial price
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	Morgan Stanley & Co. LLC with Morgan Stanley Smith Barney LLC as distributor.
Fees:	3%
Cusip:	617482K94

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