New Issue: Morgan Stanley prices $450,000 notes linked to price of gold

By Angela McDaniels

Tacoma, Wash., Oct. 27 - Morgan Stanley priced $450,000 of 0% commodity-linked notes due Oct. 28, 2016 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the percentage change in the price of gold, subject to a minimum return of 10% and a maximum return of 50%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked notes
Underlying commodity:	Gold
Amount:	$450,000
Maturity:	Oct. 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus percentage change in price of gold, subject to minimum return of 10% and maximum return of 50%
Initial gold price:	$1,656
Pricing date:	Oct. 25
Settlement date:	Oct. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3.5%
Cusip:	617482VZ4

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