New Issue: Morgan Stanley prices $9 million additional leveraged CMS curve, S&P 500-linked notes

By Angela McDaniels

Tacoma, Wash., Feb. 28 - Morgan Stanley increased the issue size of its leveraged CMS curve and S&P 500 index-linked notes due Feb. 28, 2032 to $10 million from $1 million, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 10% for the first three years. After that, it will be five times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate, subject to a minimum of zero and a maximum of 12% per year, multiplied by the proportion of days on which the index closes at or above 990. Interest is payable quarterly.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Leveraged CMS curve and S&P 500 index-linked notes
Amount:	$10 million, increased from $1 million
Maturity:	Feb. 28, 2032
Coupon:	10% for first three years; after that, five times spread of 30-year CMS rate over two-year CMS rate, subject to minimum of zero and maximum of 12%, multiplied by proportion of days on which index closes at or above 990; payable quarterly
Price:	Variable prices
Payout at maturity:	Par
Pricing dates:	Feb. 13 for $1 million; Feb. 27 for $9 million
Settlement date:	Feb. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	4%
Cusip:	61760QAB0

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