New Issue: Morgan Stanley prices $2.6 million enhanced trigger jump notes tied to gold, silver

By Toni Weeks

San Luis Obispo, Calif., Dec. 24 - Morgan Stanley priced $2.6 million of 0% enhanced trigger jump securities due June 23, 2016 linked to a basket that includes equal weights of gold and silver, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is greater than or equal to negative 15%, the payout at maturity will be par plus the greater of 8% and the basket return, subject to a maximum payout of $1,300 per $1,000 principal amount of notes.

If the basket return is less than negative 15%, investors will be fully exposed to the basket's decline from the initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying commodities: gold and silver
Amount:	$2,603,000
Maturity:	June 23, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is greater than or equal to negative 15%, par plus greater of 8% and basket return, subject to maximum payout of $1,300 per $1,000 of notes; otherwise, full exposure to decline in basket from initial level
Initial prices:	$1,195.25 for gold and 1,933 cents for silver
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agent:	Morgan Stanley & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	61762GAU8

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