New Issue: Morgan Stanley prices $5.82 million partial principal at risk notes linked to gold

By Jennifer Chiou

New York, Aug. 31 - Morgan Stanley priced $5,816,000 of 0% commodity-linked partial principal at risk securities due Aug. 30, 2016 tied to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price of gold, the payout at maturity will be par plus the percentage increase in the price, subject to a maximum return of 56%.

Otherwise, investors will lose 1% for every 1% that the final price declines below the initial price, subject to a maximum loss of 10%.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Commodity-linked partial principal at risk securities
Underlying commodity:	Gold
Amount:	$5,816,000
Maturity:	Aug. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus gold gain if return is positive, up to maximum return of 56%; 1% loss for every 1% that gold declines, up to maximum loss of 10%
Initial price:	$1,560
Pricing date:	Aug. 29
Settlement date:	Sept. 4
Agent:	Morgan Stanley & Co. LLC
Fees:	2.75%
Cusip:	617482P32

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