New Issue: Morgan Stanley prices $2.98 million buffered return notes linked to DJ-UBS Commodity

By Susanna Moon

Chicago, April 27 - Morgan Stanley priced $2.98 million of buffered return optimization securities due April 30, 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 of $10 plus double any gain in the index, up to a maximum return of 30%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% drop beyond 15%.

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

Issuer:	Morgan Stanley
Issue:	Buffered return optimization securities
Underlying index:	Dow Jones-UBS Commodity index
Amount:	$2,983,670
Maturity:	April 30, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 30%; par for losses up to 15%; 1% loss for every 1% drop beyond 15%
Initial level:	138.8026
Pricing date:	April 25
Settlement date:	April 30
Agents:	Morgan Stanley & Co. LLC (agent), UBS Financial Services Inc. (dealer)
Fees:	2.5%
Cusip:	61760T736

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