New Issue: Morgan Stanley prices $3.08 million buffered PLUS on commodities basket

By Toni Weeks

San Diego, March 30 - Morgan Stanley priced $3.08 million of 0% buffered Performance Leveraged Upside Securities due March 28, 2013 linked to a basket of five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying commodities are corn, soybeans, sugar, wheat and palm oil.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payment of $1,300 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 15% and will be exposed to any decline beyond 15%.

Morgan Stanley & Co. is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Basket components:	Corn, soybeans, sugar, wheat and palm oil, equally weighted
Amount:	$3.08 million
Maturity date:	March 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, up to a maximum of $1,300 per $1,000 of notes; exposure to declines beyond 15%
Initial prices:	$6.71 for corn, $13.485 for soybeans, $0.2705 for sugar, $7.2525 for wheat, RM 3,282 for palm oil
Pricing date:	March 28
Settlement date:	March 31
Agent:	Morgan Stanley & Co. Inc.
Fees:	2%
Cusip:	617482TC8

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