New Issue: Morgan Stanley prices $2.57 million PLUS linked to SPDR oil & gas ETF

New York, Dec. 8 – Morgan Stanley priced $2.57 million of 0% Performance Leveraged Upside Securities due March 3, 2017 based on the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 35.25%.

Investors will be exposed to any losses.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund: SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2,565,800
Maturity:	March 3, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any fund gain, return capped at 35.25%; full exposure to any losses
Initial price:	$37.13
Pricing date:	Nov. 30
Settlement date:	Dec. 3
Agent:	Morgan Stanley & Co. LLC
Fees:	2.25%
Cusip:	61765U209

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