New Issue: Morgan Stanley prices $15.03 million PLUS linked to commodities basket

By Susanna Moon

Chicago, March 5 - Morgan Stanley priced $15.03 million of 0% Performance Leveraged Upside Securities due Sept. 3, 2014 linked to a basket of six equally weighted precious commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are copper, RBOB gasoline, live cattle, palladium, soybeans and West Texas Intermediate light sweet crude oil.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 15%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying basket:	Copper, RBOB gasoline, live cattle, palladium, soybeans and West Texas Intermediate light sweet crude oil, equally weighted
Amount:	$15.03 million
Maturity:	Sept. 3, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain, capped at 15%; exposure to any losses
Initial levels:	$7,097.50 for copper, 278.98¢ for RBOB gasoline, 144.975¢ for live cattle, $746 for palladium, 1,414¢ for soybeans and $102.59 for West Texas Intermediate light sweet crude oil
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61762GAZ7

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