New Issue: Morgan Stanley prices $3.39 million enhanced trigger jump notes on metals

By Jennifer Chiou

New York, April 26 - Morgan Stanley priced $3,391,000 of 0% enhanced trigger jump securities due Oct. 28, 2016 linked to a basket of three equally weighted precious metals, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are gold, silver and palladium.

If the basket finishes above the downside threshold level, 85% of the initial level, the payout at maturity will be par plus the greater of the fixed percentage of 10% and any basket gain, up to a maximum payment of $1,400 per $1,000 principal amount.

Otherwise, investors will be fully exposed to losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Enhanced trigger jump securities
Underlying assets:	Gold, silver and palladium, equally weighted
Amount:	$3,391,000
Maturity:	Oct. 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than downside threshold value, par plus greater of 10% and basket return, capped at 40%; otherwise, full exposure to basket decline
Initial levels:	Gold at $1,428.50; silver at 2,291¢ and palladium at $674
Downside threshold value:	85% of initial level
Pricing date:	April 24
Settlement date:	April 29
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	6174824J0

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