New Issue: Morgan Stanley prices $19.46 million return enhanced notes on Hang Seng

By Jennifer Chiou

New York, Jan. 15 - Morgan Stanley priced $19,462,000 of 0% return enhanced notes due Jan. 29, 2014 linked to the Hang Seng China Enterprises index and the Hong Kong dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 31.3%. Investors will be exposed to any losses.

The index level will be equal to the closing index level on that date multiplied by the Hong Kong dollar exchange rate on that date.

J.P. Morgan Securities LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Return enhanced notes
Underlying index:	Hang Seng China Enterprises
Underlying currency:	Hong Kong dollar
Amount:	$19,462,000
Maturity:	Jan. 29, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 31.3%; exposure to losses
Initial exchange rate:	0.129
Initial value:	1,527.69411 (closing index level multiplied by exchange rate on pricing date)
Pricing date:	Jan. 11
Settlement date:	Jan. 16
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	61761JBG3

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