New Issue: Morgan Stanley priced $11.5 million of dual directional trigger PLUS tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., June 4 - Morgan Stanley priced $11.5 million of 0% dual directional trigger Performance Leveraged Upside Securities due May 31, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 150% of the gain, capped at 58%.

If the index stays flat or falls and finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$11.5 million
Maturity:	May 31, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than initial index level, par plus 150% of index return, subject to maximum return of 58%; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
Initial index level:	2,769.64
Trigger level:	2,215.712, 80% of initial level
Pricing date:	May 31
Settlement date:	June 5
Agent:	Morgan Stanley & Co. LLC
Fees:	3%
Cusip:	61762E281

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